3202 N 650 W, Waynetown, IN, 47990 | $950/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3202 N 650 W, Waynetown, IN, 47990 | $950/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waynetown at 3202 N 650 W, Waynetown, IN, 47990 earns $950/mo cash flow from $2,360/mo rent with a $1,150/mo payment. Total monthly income totals $2,360/mo, and annual cash flow totals $11,394/yr on $77,903 capital. ROI tracks 34.54% on current figures, and rental yield reads 12.05% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 181.06% and total cumulative return in cash sums $141,052. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,360/mo property income instead of your personal income.

Single Family

Built in 1900

5.97 Acres lot

$N/A/sqft

No HOA

More details about the property

A Country Retreat with Endless Potential! Escape to peace and privacy with this 3-bedroom,2-bath two-story farmhouse, perfectly situated on nearly 6 acres and set far back from the road. This location is fantastic! Surrounded by open fields, this picturesque property offers a serene rural setting with a spacious pasture--ideal for animals, gardening, or simply enjoying the view. The large county kitchen features a sunny breakfast room and flows seamlessly into the main level laundry. The primary bedroom is located on the main floor, while two generously sized bedrooms await upstairs. Additional highlights include a newer roof, vinyl windows throughout, a two-car detached garage, and a separate storage building--perfect for tools, hobbies, or extra space. With a little vision and Tlc, this farmhouse has the potential to become a dream rural retreat or hobby farm. Whether you're looking to renovate for yourself or invest in a property with great bones and acreage, this is your chance to create something special.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47990, Waynetown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	699 (100%)
Owner Occupied HU	544 (77.8%)
Renter Occupied HU	76 (10.9%)
Vacant Housing Units	79 (11.3%)
Median Home Value	$148,288
Average Home Value	$194,596