747 N Spring St, Wabash, IN, 46992 | $349/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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747 N Spring St, Wabash, IN, 46992 | $349/mo Cash Flow | Ziffy

For Sale

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 747 N Spring St, Wabash, IN, 46992 earns $349/mo cash flow from $1,459/mo rent with a $905/mo payment. Total monthly income totals $1,459/mo, and annual cash flow totals $4,189/yr on $61,294 capital. ROI tracks 26.74% on current figures, and rental yield reads 9.47% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 139.33% and total cumulative return in cash sums $85,399. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,459/mo property income instead of your personal income.

Single Family

Built in 1954

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

New New New this home is practically a brand new build. This home is beautiful inside and out with all new drywall, flooring, lights, windows, siding, metal fascia, soffit and gutters. New kitchen with all appliances included, soft close, stainless steel farm sink. All new large bath. 3 bedrooms, 2 are very large. All new GFA furnace, central air, water heater, 200 amp service, all wiring & plumbing and sump pump. This is one you definitely need to take a look at. Not much to say other then new new new and beautiful. Pack your bags, move in and then relax on the beautiful large front porch. Attached is a more detailed list of the property as well as a floor plan. Seller is willing to add a garage, we have pricing for 2 different sizes if buyer is interested that can be added to pricing.

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