56 W Waldron Lake DrWawakaIN46794
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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 Wawaka at 56 W Waldron Lake Dr, Wawaka, IN, 46794 generates $1,258/mo in rent, after a $1,468/mo payment. Total monthly income is $1,258/mo. Return on cash invested sits at 13.36% in year one, and rental yield is 5.03% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 67.51% and total cumulative return in cash sums $67,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,258/mo property income rather than buyer’s personal income.
Manufactured
Built in 1990
5,227 sqft 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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Listed by: Dustin Kissling • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511894
Disclaimer: 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.