346 Wellfield DrNappaneeIN46550
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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 Nappanee at 346 Wellfield Dr, Nappanee, IN, 46550 priced at $319,000 pairs $2,317/mo rent with $402/mo cash flow after a $1,561/mo payment. Total monthly income equals $2,317/mo, and annual cash flow comes to $4,829/yr on $105,749 invested. Return on cash invested is 24.48% in year one, and rental yield stands at 8.72% on a $319,000 basis. Equity gained on principal adds $2,058/yr, and 5% annual appreciation accumulates to $88,134 by year five. Five-year ROI measures 127.11% and total cumulative return in cash reaches $134,413. For financing, Ziffy Mortgage’s DSCR program evaluates $2,317/mo property income against a $1,561/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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