952 Columbus St, Wabash, IN, 46992 | $258/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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952 Columbus St, Wabash, IN, 46992 | $258/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wabash at 952 Columbus St, Wabash, IN, 46992 offers a 9.5% rental yield on a $135,000 purchase with $1,069/mo rent. Total monthly income registers $1,069/mo, and a $661/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,100/yr on $44,753 to close, and return on cash invested stands at 26.84% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 139.81% and total cumulative return in cash at $62,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,069/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Nicely maintained 3-bedroom, 2-bath home located on the south side of Wabash! Offering approximately 1,224 sq ft of living area, this home features original hardwood floors in the living room, hallway, and all bedrooms. The kitchen includes all appliances, and the partial unfinished basement provides additional storage space. Recent updates include a newer metal roof on both the home and detached 24 x 26 garage in (2022), mostly updated wiring with a newer 200-amp panel box, mostly newer pex water lines and gas lines, and replacement windows throughout. Mechanical systems include a 90+ gas furnace and central air (approximately 10 years old) and a 4-year-old water heater. Outdoor amenities include a 12 x 14 rear deck, 7 x 8 front deck, and a privacy-fenced backyardgreat for entertaining or relaxing. The fireplace is currently non-functional (chimney capped off below the roof), but could accommodate a ventless gas log unit. Move-in ready with many major updates already completed! Property taxes would be around $432.74/yr with a homestead exemption.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,509 (100%)
Owner Occupied HU	5,049 (67.2%)
Renter Occupied HU	1,690 (22.5%)
Vacant Housing Units	770 (10.3%)
Median Home Value	$182,535
Average Home Value	$212,867