3618 Fase DrWheatfieldIN46392
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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
Investment property for sale in Wheatfield at 3618 Fase Dr, Wheatfield, IN, 46392 uses $112,544 cash to close to unlock $7,497/yr annual cash flow and $625/mo monthly cash flow. Total monthly income runs $2,663/mo, and a $1,662/mo payment keeps the spread at $625/mo. Purchase price stands at $339,500, and rental yield measures 9.41% with $2,663/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 138.33% and total cumulative return in cash records $155,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,663/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Housing Distribution
Address Breakdown
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
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Listed by: Nicholas Scalise • Listing Leaders
Mls Name: NIRA
Mls ID: #830380