3906 N Explorer Ln, Wheatfield, IN, 46392 | $368/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3906 N Explorer Ln, Wheatfield, IN, 46392 | $368/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 Wheatfield at 3906 N Explorer Ln, Wheatfield, IN, 46392 uses $79,527 cash to close to unlock $4,417/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $1,808/mo, and a $1,174/mo payment keeps the spread at $368/mo. Purchase price stands at $239,900, and rental yield measures 9.04% with $1,808/mo rent. Return on cash invested shows 25.46% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 132.45% and total cumulative return in cash records $105,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,808/mo property income covering a $1,174/mo payment rather than investor’s personal income.

Single Family

Built in 1995

0.61 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 3906 - loved for nearly three decades, ready for new owners to make it theirs. Situated on .6 acres of tree-lined privacy, walking distance to Kankakee Valley High School. The main level features 3 beds, 2 baths - while the full basement is partially finished with an additional bedroom and rec room. Important details include new roof in 2014, appliances in 2019, HVAC in 2019, and septic pumped in 2020. The secluded back-yard is completely enclosed. The one car garage is 22ft deep allowing for additional storage. Hard wood doors and trim throughout the home. Sellers are continuing touch ups until sold - including paint, trim, landscaping, and willing to work with buyers on other preferred items. Call to schedule!

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