7839 E Tc Steele VisWavelandIN47989
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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 Waveland at 7839 E Tc Steele Vis, Waveland, IN, 47989 uses $144,667 cash to close to unlock $8,236/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $3,655/mo, and a $2,136/mo payment keeps the spread at $686/mo. Purchase price stands at $436,400, and rental yield measures 10.05% with $3,655/mo rent. Return on cash invested shows 25.6% in year one, and 5% annual appreciation builds toward $120,569 over five years. Five-year ROI reaches 134.18% and total cumulative return in cash records $194,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,655/mo property income covering a $2,136/mo payment rather than investor’s personal income.
Single Family
Built in 2019
9,147 sqft lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47989, Waveland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 560 (100%) |
| Owner Occupied HU | 407 (72.7%) |
| Renter Occupied HU | 90 (16.1%) |
| Vacant Housing Units | 63 (11.2%) |
| Median Home Value | $203,906 |
| Average Home Value | $280,608 |
Housing Distribution
Address Breakdown
Residential
412
Single Family
412
Multi-Family
0
Businesses
28
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