8988 W 1500 SWanatahIN46390
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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 Wanatah at 8988 W 1500 S, Wanatah, IN, 46390 earns $692/mo cash flow from $2,102/mo rent with a $1,150/mo payment. Total monthly income totals $2,102/mo, and annual cash flow totals $8,298/yr on $77,903 capital. ROI tracks 30.56% on current figures, and rental yield reads 10.73% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 159.76% and total cumulative return in cash sums $124,456. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,102/mo property income instead of your personal income.
Single Family
Built in 1973
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46390, Wanatah, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 940 (82.1%) |
| Renter Occupied HU | 132 (11.5%) |
| Vacant Housing Units | 73 ( 6.4%) |
| Median Home Value | $285,448 |
| Average Home Value | $289,660 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
1,004
Multi-Family
0
Businesses
96
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