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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 Wabash at 562 Railroad St, Wabash, IN, 46992 uses $53,869 cash to close to unlock $4,775/yr annual cash flow and $398/mo monthly cash flow. Total monthly income runs $1,373/mo, and a $795/mo payment keeps the spread at $398/mo. Purchase price stands at $162,500, and rental yield measures 10.14% with $1,373/mo rent. Return on cash invested shows 28.77% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 150.13% and total cumulative return in cash records $80,874. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,373/mo property income covering a $795/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.
| 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 |
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Sold | $162,500 |
| 2025-07-29 | Price change | $162,500 |
| 2025-07-01 | Price change | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $854.08 | 123.01% | $100,400 | 3.51% |
| 2023-10-30 | $382.98 | -60.64% | $97,000 | 75.41% |
| 2022-10-30 | $973.00 | 1.67% | $55,300 | 13.79% |
Listed by: Valerie Boyd • Wander Home Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523215
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.
