805 Linlawn DrWabashIN46992
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 805 Linlawn Dr, Wabash, IN, 46992 priced at $129,500 converts $1,030/mo rent into $252/mo cash flow after a $634/mo obligation. Total monthly income equals $1,030/mo, and annual cash flow totals $3,030/yr on $42,929 invested. Return on cash invested prints 26.97% in year one, and rental yield reads 9.54% against a $129,500 entry. Equity gained on principal adds $836/yr, while 5% annual appreciation compiles into $35,778 by year five. Five-year ROI reaches 140.5% and total cumulative return in cash sums $60,314. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,030/mo property income covering a $634/mo payment, not borrower’s personal income.
Single Family
Built in 1954
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barb Drye • Metz Phillipy Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509941
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.