6868 N Wise RdColumbia CityIN46725
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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 Columbia City at 6868 N Wise Rd, Columbia City, IN, 46725 with 5% annual appreciation on a $175,000 basis while $1,145/mo rent supports operations. Total monthly income totals $1,145/mo and a $857/mo payment preserves $94/mo for cash returns. Annual cash flow comes to $1,128/yr on $58,013 deployed, and return on cash invested reaches 21.85% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 7.85%. Five-year ROI measures 113.12% and total cumulative return in cash totals $65,623.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,145/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Jill Walker • Orizon Real Estate, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509218
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.