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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% |
Rental property for sale in Wabash at 616 E 350th Rd S, Wabash, IN, 46992 generates $1,440/mo in rent, after a $1,762/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 12.66% in year one, and rental yield is 4.8% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 63.71% and total cumulative return in cash sums $76,029. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
1 Acres 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 |
|---|---|---|
| 2025-02-06 | Listing removed | $369,000 |
| 2025-01-13 | Listed for sale | $369,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Suzie Metz • Dickos Peterson & Metz Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509396
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.
