406 S Main 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 406 S Main St, Wolcottville, IN, 46795 uses $82,544 cash to close to unlock $5,400/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $1,945/mo, and a $1,219/mo payment keeps the spread at $450/mo. Purchase price stands at $249,000, and rental yield measures 9.37% with $1,945/mo rent. Return on cash invested shows 26.45% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 137.74% and total cumulative return in cash records $113,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,945/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.88 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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