340 Wabash CirChandlerIN47610
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 340 Wabash Cir, Chandler, IN, 47610 in Chandler is narrow, $74/mo net on $2,354/mo rent after the $1,461/mo debt service, but the property operates at break-even-plus, not a loss. At $324,900 with a 7.44% yield, the long-run equity case via 5% appreciation ($89,764 over five years) and $2,992/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.61 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $148,905.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 8.0% |
| Monthly Cash Flow | $74 | $300 |
City averages based on Chandler market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,354 |
| Total Monthly Debt Service | $1,821 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2021
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47610, Chandler, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,425 (100%) |
| Owner Occupied HU | 1,777 (73.3%) |
| Renter Occupied HU | 476 (19.6%) |
| Vacant Housing Units | 172 ( 7.1%) |
| Median Home Value | $208,333 |
| Average Home Value | $299,268 |
Housing Distribution
Address Breakdown
Residential
2,323
Single Family
2,323
Multi-Family
0
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2021
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47610, Chandler, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,425 (100%) |
| Owner Occupied HU | 1,777 (73.3%) |
| Renter Occupied HU | 476 (19.6%) |
| Vacant Housing Units | 172 ( 7.1%) |
| Median Home Value | $208,333 |
| Average Home Value | $299,268 |
Housing Distribution
Address Breakdown
Residential
2,323
Single Family
2,323
Multi-Family
0
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices