615 E Center StWarsawIN46580
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Nearby investment properties with comparable prices
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 Warsaw at 615 E Center St, Warsaw, IN, 46580 offers $2,600/mo rent that, after a $1,321/mo payment, leaves $980/mo cash flow. Total monthly income is $2,600/mo, and annual cash flow is $11,758/yr on $89,472 cash. Return on cash invested measures 33.05% in year one, and rental yield stands at 11.56% at a $269,900 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,568 by year five. Five-year ROI records 173.08% and total cumulative return in cash reaches $154,854. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,600/mo property income versus a $1,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46580, Warsaw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,714 (100%) |
| Owner Occupied HU | 6,549 (67.4%) |
| Renter Occupied HU | 2,447 (25.2%) |
| Vacant Housing Units | 718 ( 7.4%) |
| Median Home Value | $243,970 |
| Average Home Value | $287,875 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,743
Multi-Family
541
Businesses
844
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