623 N Allen StWabashIN46992
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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 Wabash at 623 N Allen St, Wabash, IN, 46992 offers a 9.43% rental yield on a $139,900 purchase with $1,099/mo rent. Total monthly income registers $1,099/mo, and a $685/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,107/yr on $46,377 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 138.49% and total cumulative return in cash at $64,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,099/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
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Listed by: Lesley Vigar • True Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511642
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.