9215 Damm RdWadesvilleIN47638
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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 Wadesville at 9215 Damm Rd, Wadesville, IN, 47638 offers a 7.8% rental yield on a $285,000 purchase with $1,853/mo rent. Total monthly income registers $1,853/mo, and a $1,395/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,705/yr on $94,478 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 112.31% and total cumulative return in cash at $106,110. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,853/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,383 (100%) |
| Owner Occupied HU | 1,170 (84.6%) |
| Renter Occupied HU | 146 (10.6%) |
| Vacant Housing Units | 67 ( 4.8%) |
| Median Home Value | $319,667 |
| Average Home Value | $344,064 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
49
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Listed by: Katelyn Schoettlin • RyBrand Realty
Mls Name: IRMLS
Mls ID: #202542965