407 E Wabash 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 407 E Wabash St, Wolcottville, IN, 46795 uses $58,013 cash to close to unlock $6,696/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $1,609/mo, and a $857/mo payment keeps the spread at $558/mo. Purchase price stands at $175,000, and rental yield measures 11.03% with $1,609/mo rent. Return on cash invested shows 31.45% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 164.58% and total cumulative return in cash records $95,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,609/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
0.45 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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Listed by: Daniel R Orlando • Mike Thomas Associates
Mls Name: IRMLS
Mls ID: #202543247