325 N Wayne St, Warren, IN, 46792 | $404/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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325 N Wayne St, Warren, IN, 46792 | $404/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Warren at 325 N Wayne St, Warren, IN, 46792 priced at $179,900 pairs $1,484/mo rent with $404/mo cash flow after a $881/mo payment. Total monthly income equals $1,484/mo, and annual cash flow comes to $4,843/yr on $59,637 invested. Return on cash invested is 28.03% in year one, and rental yield stands at 9.9% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 146.18% and total cumulative return in cash reaches $87,177. For financing, Ziffy Mortgage’s DSCR program evaluates $1,484/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Come step inside this amazing open concept home in Warren! Nestled on the corner of N. Wayne and 4th St. for over 100 years, today, this beautiful and interestingly designed home is ready for you to make it your own! In a prime location just a short walk from downtown Warren, it is the perfect spot to sit outside and watch the parade during the Salamonie Summer Festival each year! The modern kitchen, dinning room, and living room full of natural sunlight is the gem of this home! The kitchen features new soft close cabinets, new modern pull knobs and a nice walk in pantry. This home was completely remodeled in 2021-2022 with a new and fresh open floor plan featuring beautiful high ceilings and an exposed wooden beam. The home really has so much to offer when it comes to curating your own living space. The mud room, utility room, closets also mean lots of extra storage and multi use/flex spaces. To top it all off, it had a brand new roof installed in December, 2023! Don't wait long! This home could be yours before the holidays!!