619 Widaman StWarsawIN46580
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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
Investment property for sale in Warsaw at 619 Widaman St, Warsaw, IN, 46580 uses $77,903 cash to close to unlock $5,610/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $1,878/mo, and a $1,150/mo payment keeps the spread at $468/mo. Purchase price stands at $235,000, and rental yield measures 9.59% with $1,878/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 141.24% and total cumulative return in cash records $110,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,878/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.30 Acres 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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Listed by: Jeffrey Binkley • McKinnies Realty, LLC Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512815
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.