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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wheatfield at 475 E Grove St, Wheatfield, IN, 46392 generates $1,246/mo in rent, after a $1,322/mo payment. Total monthly income is $1,246/mo. Return on cash invested sits at 14.88% in year one, and rental yield is 5.54% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 75.63% and total cumulative return in cash sums $67,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,246/mo property income rather than buyer’s personal income.
Multi Family
Built in 1989
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
Date | Event | Price |
|---|---|---|
| 2025-03-15 | Listed for sale | $270,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $1627.30 | 4.93% | $161,900 | 20.37% |
| 2023-03-18 | $1550.78 | 7.08% | $134,500 | 11.07% |
| 2022-03-18 | $1448.20 | -2.45% | $121,100 | 13.07% |
Listed by: Roy Gouwens • Priority One Appraisal Group
Mls Name: NIRA
Mls Provider:
Mls ID: #817539
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.
