508 N Wayne StNorth ManchesterIN46962
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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 North Manchester at 508 N Wayne St, North Manchester, IN, 46962 earns $287/mo cash flow from $1,247/mo rent with a $783/mo payment. Total monthly income totals $1,247/mo, and annual cash flow totals $3,440/yr on $53,040 capital. ROI tracks 26.39% on current figures, and rental yield reads 9.35% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 137.42% and total cumulative return in cash sums $72,890. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,247/mo property income instead of your personal income.
Single Family
Built in 1910
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46962, North Manchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,537 (66.4%) |
| Renter Occupied HU | 941 (24.6%) |
| Vacant Housing Units | 340 ( 8.9%) |
| Median Home Value | $169,696 |
| Average Home Value | $234,758 |
Housing Distribution
Address Breakdown
Residential
3,480
Single Family
3,416
Multi-Family
64
Businesses
281
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Listed by: Braden Patrick • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202538585