408 N Range St, Wolcott, IN, 47995 | 6.28% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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408 N Range St, Wolcott, IN, 47995 | 6.28% Rental Yield | 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

Rental property for sale in Wolcott at 408 N Range St, Wolcott, IN, 47995 generates $1,961/mo in rent, after a $1,835/mo payment. Total monthly income is $1,961/mo. Return on cash invested sits at 17.11% in year one, and rental yield is 6.28% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 87.62% and total cumulative return in cash sums $108,927. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,961/mo property income rather than buyer’s personal income.

Single Family

Built in 1915

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Step back in time while enjoying all the space and comfort of today in this magnificent 1915 brick home. With over 3,800 square feet of living space, this property blends historic charm and craftsmanship with modern flexibility. From the moment you walk through the door, youll be captivated by the gorgeous original woodwork, intricate trim, hardwood floors, and coffered ceilings that showcase the quality and artistry from a timeless era. The home offers 4 spacious bedrooms and 2.5 bathrooms, providing plenty of room for family and guests. The finished third-floor attic is a wonderful surprise perfect as a playroom, home office, art studio, or cozy retreat. The large covered front porch invites you to relax and take in the view, while the detached 2-car garage adds convenience and functionality. Nestled right next to the town park, this location is ideal for enjoying community events, morning walks, or afternoons at the playground. Plus, with easy access to I-65, commuting or traveling couldnt be more convenient. This is more than just a house its a piece of history lovingly maintained and ready for its next chapter.