706 W Main 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
Rental property for sale in Wabash at 706 W Main St, Wabash, IN, 46992 priced at $120,000 converts $965/mo rent into $245/mo cash flow after a $587/mo obligation. Total monthly income equals $965/mo, and annual cash flow totals $2,940/yr on $39,780 invested. Return on cash invested prints 27.3% in year one, and rental yield reads 9.65% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 142.22% and total cumulative return in cash sums $56,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $965/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1910
5,227 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: Ian Lindsey • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438921
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.