305 N Ohio StWanatahIN46390
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Wanatah at 305 N Ohio St, Wanatah, IN, 46390 generates $2,390/mo in rent and, after a $1,713/mo payment, leaves $289/mo in cash flow. Total monthly income is $2,390/mo, and annual cash flow is $3,470/yr on $115,992 invested. Return on cash invested sits at 22.9% in year one, and rental yield is 8.2% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 118.68% and total cumulative return in cash sums $137,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,390/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46390, Wanatah, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 940 (82.1%) |
| Renter Occupied HU | 132 (11.5%) |
| Vacant Housing Units | 73 ( 6.4%) |
| Median Home Value | $285,448 |
| Average Home Value | $289,660 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
1,004
Multi-Family
0
Businesses
96
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Listed by: Genise Shumaker • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #819642
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.