8788 N State Road 49WheatfieldIN46392
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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 Wheatfield at 8788 N State Road 49, Wheatfield, IN, 46392 listed at $399,950 pairs $2,696/mo rent with a $1,958/mo payment to leave $295/mo cash flow. Total monthly income runs $2,696/mo, and annual cash flow reaches $3,537/yr on $132,583 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 8.09% at a $399,950 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,499 by year five. Five-year ROI tracks 116.9% and total cumulative return in cash totals $154,992. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,696/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
2.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Housing Distribution
Address Breakdown
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
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Listed by: Ann Salamah • RE/MAX Executives
Mls Name: NIRA
Mls ID: #824604