451 N Spring StWabashIN46992
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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
Rental property for sale in Wabash at 451 N Spring St, Wabash, IN, 46992 priced at $117,500 pairs $1,952/mo rent with $1,218/mo cash flow after a $575/mo payment. Total monthly income equals $1,952/mo, and annual cash flow comes to $14,612/yr on $38,951 invested. Return on cash invested is 57.42% in year one, and rental yield stands at 19.94% on a $117,500 basis. Equity gained on principal adds $758/yr, and 5% annual appreciation accumulates to $32,463 by year five. Five-year ROI measures 304.11% and total cumulative return in cash reaches $118,454. For financing, Ziffy Mortgage’s DSCR program evaluates $1,952/mo property income against a $575/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
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Listed by: Trisha McGowan • Patton Hall Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507086
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.