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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% |
Investment property for sale in Wheatfield at 491 E Grove St, Wheatfield, IN, 46392 with 5% annual appreciation on a $199,900 basis while $0/mo rent supports operations. 81% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.32 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-18 | $626.46 | 7.88% | $147,500 | 10.32% |
| 2023-06-18 | $580.72 | 22.54% | $133,700 | 12.45% |
| 2022-06-18 | $473.90 | 4.83% | $118,900 | 15.32% |
No similar rental properties found nearby.
Listed by: Kathy Hayes-Bowgren • Century 21 Alliance Group
Mls Name: NIRA
Mls Provider:
Mls ID: #822681
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.
