46 W Waldron Lake DrWawakaIN46794
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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 Wawaka at 46 W Waldron Lake Dr, Wawaka, IN, 46794 offers a 0% rental yield on a $499,000 purchase with $0/mo rent. 82% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46794, Wawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 598 (100%) |
| Owner Occupied HU | 444 (74.2%) |
| Renter Occupied HU | 51 ( 8.5%) |
| Vacant Housing Units | 103 (17.2%) |
| Median Home Value | $272,917 |
| Average Home Value | $314,291 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
542
Multi-Family
0
Businesses
13
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