844 E Market StWarsawIN46580
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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 Warsaw at 844 E Market St, Warsaw, IN, 46580 priced at $189,000 converts $2,246/mo rent into $1,071/mo cash flow after a $925/mo obligation. Total monthly income equals $2,246/mo, and annual cash flow totals $12,847/yr on $62,654 invested. Return on cash invested prints 40.41% in year one, and rental yield reads 14.26% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 212.86% and total cumulative return in cash sums $133,366. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,246/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in 1877
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46580, Warsaw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,714 (100%) |
| Owner Occupied HU | 6,549 (67.4%) |
| Renter Occupied HU | 2,447 (25.2%) |
| Vacant Housing Units | 718 ( 7.4%) |
| Median Home Value | $243,970 |
| Average Home Value | $287,875 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,743
Multi-Family
541
Businesses
844
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Listed by: Berto Barrera • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202506699
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.