3319 E 800 NWingateIN47994
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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 Wingate at 3319 E 800 N, Wingate, IN, 47994 generates $1,793/mo in rent, after a $2,203/mo payment. Total monthly income is $1,793/mo. Return on cash invested sits at 12.6% in year one, and rental yield is 4.78% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 63.42% and total cumulative return in cash sums $94,614. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,793/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47994, Wingate, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 255 (100%) |
| Owner Occupied HU | 210 (82.4%) |
| Renter Occupied HU | 28 (11.0%) |
| Vacant Housing Units | 17 ( 6.7%) |
| Median Home Value | $190,625 |
| Average Home Value | $214,452 |
Housing Distribution
Address Breakdown
Residential
167
Single Family
167
Multi-Family
0
Businesses
16
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Listed by: Catherine Yeoman • Nightingale Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530742
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.