3582 W 50 N, Wabash, IN, 46992 | $216/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3582 W 50 N, Wabash, IN, 46992 | $216/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

Investment property for sale in Wabash at 3582 W 50 N, Wabash, IN, 46992 offers a 8.07% rental yield on a $299,500 purchase with $2,014/mo rent. Total monthly income registers $2,014/mo, and a $1,466/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,593/yr on $99,284 to close, and return on cash invested stands at 22.52% in year one. Equity gained on principal adds $1,933/yr while 5% annual appreciation supports $82,746 over five years. Portfolio math shows five-year ROI at 116.63% and total cumulative return in cash at $115,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,014/mo property income against a $1,466/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1976

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this well-maintained 3-bedroom, 2-bath ranch home offering approx. 2,096 sq. ft. of living space in a great location! This home has been greatly cared for and is ready for its next homeowners. Inside, youll find a spacious foyer leading into a large living room with a cozy gas-log fireplace (could be converted back to wood burning). The kitchen features newer appliancesall includedrefrigerator (2025), dishwasher (2023), and stove (2023). Updated LVP flooring in the kitchen and bathrooms and carpet throughout the rest of the home. Each bedroom offers generously sized closets, and one bedroom includes access to the utility closet with crawlspace and electrical panel access and then the other closet in the room has access to the water heater and furnace. The primary suite includes a private bath with a stand-up shower, and the second full bath features a tub/shower combo. Additional living space includes a 10' x 24' sunroom with ramp access, an attached 2 car garage, plus an enclosed former pool room now serving as a heated enclosed porch, (would make a great greenhouse) and a detached garage now used as a workshop and man cave that is heated and cooled by a window unit that can remain. Recent updates include - septic cleaned (2023), new septic fingers (2002), water softener (2023), kitchen & bathroom flooring (2023). Natural gas Generac standby generator installed in 2023.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,509 (100%)
Owner Occupied HU	5,049 (67.2%)
Renter Occupied HU	1,690 (22.5%)
Vacant Housing Units	770 (10.3%)
Median Home Value	$182,535
Average Home Value	$212,867