402 N 1st StWolcottvilleIN46795
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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 Wolcottville at 402 N 1st St, Wolcottville, IN, 46795 uses $62,521 cash to close to unlock $6,276/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $923/mo payment keeps the spread at $523/mo. Purchase price stands at $188,600, and rental yield measures 10.53% with $1,655/mo rent. Return on cash invested shows 29.95% in year one, and 5% annual appreciation builds toward $52,107 over five years. Five-year ROI reaches 156.42% and total cumulative return in cash records $97,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $923/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46795, Wolcottville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,704 (100%) |
| Owner Occupied HU | 2,221 (60.0%) |
| Renter Occupied HU | 321 ( 8.7%) |
| Vacant Housing Units | 1,162 (31.4%) |
| Median Home Value | $340,772 |
| Average Home Value | $426,127 |
Housing Distribution
Address Breakdown
Residential
2,546
Single Family
2,546
Multi-Family
0
Businesses
75
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