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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wheatfield at 397 E High St, Wheatfield, IN, 46392 with 5% annual appreciation on a $195,000 basis while $2,027/mo rent supports operations. Total monthly income totals $2,027/mo and a $954/mo payment preserves $857/mo for cash returns. Annual cash flow comes to $10,282/yr on $64,643 deployed, and return on cash invested reaches 35.82% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 12.47%. Five-year ROI measures 187.88% and total cumulative return in cash totals $121,450.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,027/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
| 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 |
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
Date | Event | Price |
|---|---|---|
| 2025-08-08 | Sold | $195,000 |
| 2025-06-25 | Pending sale | $199,900 |
| 2025-06-17 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $908.62 | 6.22% | $98,600 | 31.29% |
| 2023-10-30 | $855.42 | 2.70% | $75,100 | 12.43% |
| 2022-10-30 | $832.94 | -0.57% | $66,800 | 8.44% |
Listed by: Daniel Walstra • Countryside Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #822679
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 03:27:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
