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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 Wheatfield at 575 E 900 N, Wheatfield, IN, 46392 offers a 7.72% rental yield on a $254,900 purchase with $1,639/mo rent. Total monthly income registers $1,639/mo, and a $1,248/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,302/yr on $84,499 to close, and return on cash invested stands at 21.45% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 110.88% and total cumulative return in cash at $93,696. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,639/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
Date | Event | Price |
|---|---|---|
| 2025-05-15 | Listed for sale | $254,900 |
| 2004-02-04 | Sold | $104,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-16 | $502.02 | 0.53% | $145,800 | 10.04% |
| 2023-05-16 | $499.38 | 16.72% | $132,500 | 7.37% |
| 2022-05-16 | $427.84 | -2.43% | $123,400 | 12.39% |
Listed by: Lisa Grady • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #820801
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.
