703 Dorothy CtWanatahIN46390
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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
Rental property for sale in Wanatah at 703 Dorothy Ct, Wanatah, IN, 46390 offers $2,428/mo rent that, after a $1,561/mo payment, leaves $513/mo cash flow. Total monthly income is $2,428/mo, and annual cash flow is $6,161/yr on $105,749 cash. Return on cash invested measures 25.74% in year one, and rental yield stands at 9.13% at a $319,000 entry. Equity gained on principal adds $2,058/yr while 5% annual appreciation compounds into $88,134 by year five. Five-year ROI records 133.86% and total cumulative return in cash reaches $141,553. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,428/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46390, Wanatah, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 940 (82.1%) |
| Renter Occupied HU | 132 (11.5%) |
| Vacant Housing Units | 73 ( 6.4%) |
| Median Home Value | $285,448 |
| Average Home Value | $289,660 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
1,004
Multi-Family
0
Businesses
96
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Listed by: Josh Pavich • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #817675
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.