8158 Wagner Avenue NENew SalisburyIN47161
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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 New Salisbury at 8158 Wagner Avenue NE, New Salisbury, IN, 47161 offers a 8.88% rental yield on a $272,000 purchase with $2,012/mo rent. Total monthly income registers $2,012/mo, and a $1,331/mo payment leaves $380/mo available for distribution. Annual cash flow reaches $4,554/yr on $90,168 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $1,755/yr while 5% annual appreciation supports $75,149 over five years. Portfolio math shows five-year ROI at 129.7% and total cumulative return in cash at $116,945. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,012/mo property income against a $1,331/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
1,176 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47161, New Salisbury, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,218 (79.9%) |
| Renter Occupied HU | 216 (14.2%) |
| Vacant Housing Units | 91 ( 6.0%) |
| Median Home Value | $230,131 |
| Average Home Value | $264,865 |
Housing Distribution
Address Breakdown
Residential
1,489
Single Family
1,489
Multi-Family
0
Businesses
43
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Listed by: Diane Thomas • Coldwell Banker McMahan
Mls Name: SIRA
Mls ID: #2025012831