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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Converse at 306 E Wabash St, Converse, IN, 46919 earns $250/mo cash flow from $1,540/mo rent with a $1,052/mo payment. Total monthly income totals $1,540/mo, and annual cash flow totals $2,997/yr on $71,273 capital. ROI tracks 24.11% on current figures, and rental yield reads 8.6% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 125.15% and total cumulative return in cash sums $89,197. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,540/mo property income instead of your personal income.
Single Family
Built in 1880
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| 2025-09-05 | Sold | $215,000 |
| 2025-06-13 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1603.00 | 17.18% | $153,800 | -3.69% |
| 2023-10-24 | $1368.00 | 47.77% | $159,700 | 16.48% |
| 2022-10-24 | $925.74 | 7.45% | $137,100 | 39.47% |
What's Special
Walk-up
Listed by: Suzie Mack • F.C. Tucker Realty Center
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522468
Disclaimer: 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.
