640 Wheat Field LnNew WhitelandIN46184
Nearby investment properties with comparable rents
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 New Whiteland at 640 Wheat Field Ln, New Whiteland, IN, 46184 offers $2,158/mo rent that, after a $1,175/mo payment, leaves $717/mo cash flow. Total monthly income is $2,158/mo, and annual cash flow is $8,604/yr on $79,560 cash. Return on cash invested measures 30.72% in year one, and rental yield stands at 10.79% at a $240,000 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,308 by year five. Five-year ROI records 160.59% and total cumulative return in cash reaches $127,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,158/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 4,390 (84.6%) |
| Renter Occupied HU | 740 (14.3%) |
| Vacant Housing Units | 60 ( 1.2%) |
| Median Home Value | $261,290 |
| Average Home Value | $282,753 |
Housing Distribution
Address Breakdown
Residential
5,129
Single Family
5,129
Multi-Family
0
Businesses
293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cate Waggoner • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081822