651 W Maple St, Wabash, IN, 46992 | $403/mo Cash Flow

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651 W Maple St, Wabash, IN, 46992 | $403/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wabash at 651 W Maple St, Wabash, IN, 46992 with 5% annual appreciation on a $125,000 basis while $1,154/mo rent supports operations. Total monthly income totals $1,154/mo and a $612/mo payment preserves $403/mo for cash returns. Annual cash flow comes to $4,842/yr on $41,438 deployed, and return on cash invested reaches 31.59% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 11.08%. Five-year ROI measures 165.28% and total cumulative return in cash totals $68,489.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,154/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1960

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Take comfort in knowing all the big ticket items have been done for you. A great place to enjoy evenings and weekends with family and friends by sitting on your back deck overlooking the wooded backyard. Yes, that wooded area would be yours! Featuring new insulation, drywall, new hickory kitchen cabinets, granite countertop, new heating, added central air, new plumbing, new flooring throughout, new roof, new replacement window, new electrical, new exterior doors on house, all new bathroom (including subflooring). Enjoy outdoor living on the wooden deck overlooking a partially wooded backyard and a spacious side yard. The perfect blend of modern updates, location and small town charm awaits! See listing documents for a complete list of renovations.

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