495 Hale DrWabashIN46992
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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 495 Hale Dr, Wabash, IN, 46992 priced at $149,500 converts $1,164/mo rent into $266/mo cash flow after a $732/mo obligation. Total monthly income equals $1,164/mo, and annual cash flow totals $3,196/yr on $49,559 invested. Return on cash invested prints 26.36% in year one, and rental yield reads 9.34% against a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation compiles into $41,304 by year five. Five-year ROI reaches 137.28% and total cumulative return in cash sums $68,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,164/mo property income covering a $732/mo payment, not borrower’s personal income.
Single Family
Built in 1970
9,801 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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