195 W Wabash StLaketonIN46943
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow195 W Wabash St, Laketon, IN, 46943 in Laketon is a solid income-producing rental, 10.55% gross yield, $1,098/mo rent, $348/mo net cash flow on a $124,900 buy. DSCR 1.95 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $34,508 and $1,150/yr in principal reduction project a total cumulative return of $69,658.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $348 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,098 |
| Total Monthly Debt Service | $700 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46943, Laketon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 103 (100%) |
| Owner Occupied HU | 76 (73.8%) |
| Renter Occupied HU | 15 (14.6%) |
| Vacant Housing Units | 12 (11.7%) |
| Median Home Value | $270,000 |
| Average Home Value | $347,895 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46943, Laketon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 103 (100%) |
| Owner Occupied HU | 76 (73.8%) |
| Renter Occupied HU | 15 (14.6%) |
| Vacant Housing Units | 12 (11.7%) |
| Median Home Value | $270,000 |
| Average Home Value | $347,895 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices