434 N Allen St, Wabash, IN, 46992 | $268/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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434 N Allen St, Wabash, IN, 46992 | $268/mo Cash Flow | 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 Wabash at 434 N Allen St, Wabash, IN, 46992 priced at $145,000 pairs $1,139/mo rent with $268/mo cash flow after a $710/mo payment. Total monthly income equals $1,139/mo, and annual cash flow comes to $3,219/yr on $48,068 invested. Return on cash invested is 26.61% in year one, and rental yield stands at 9.43% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 138.6% and total cumulative return in cash reaches $66,620. For financing, Ziffy Mortgage’s DSCR program evaluates $1,139/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Move in ready! Lots of improvements recently including brand new kitchen! From the moment you walk in, you can notice this home has been cared for and updated with intention. This home holds two spacious bedrooms and a large updated bathroom that was refreshed in 2020. A renovated kitchen is at the center which includes new tile backsplash and countertops. The living area boasts high ceilings and tons of character. New luxury vinyl flooring was laid throughout the kitchen, living room, dining room, and laundry room. Enjoy the convenience of a separate laundry area and detached garage as well. Some other recent updates and maintenance items are: new metal roof 2022, new water heater 2025, new sewer line clean outs 2022, a/c unit lines resealed 2023, and new main water shutoff valve in 2023. This home is turn key! Accepting conventional, FHA, USDA, and VA financing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,509 (100%)
Owner Occupied HU	5,049 (67.2%)
Renter Occupied HU	1,690 (22.5%)
Vacant Housing Units	770 (10.3%)
Median Home Value	$182,535
Average Home Value	$212,867