5323 W Diamond Lake RdWawakaIN46794
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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 5323 W Diamond Lake Rd, Wawaka, IN, 46794 earns $323/mo cash flow from $1,403/mo rent with a $881/mo payment. Total monthly income totals $1,403/mo, and annual cash flow totals $3,871/yr on $59,637 capital. ROI tracks 26.4% on current figures, and rental yield reads 9.36% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 137.45% and total cumulative return in cash sums $81,969. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,403/mo property income instead of your personal income.
Single Family
Built in 1932
0.40 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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