106 13th StWinona LakeIN46590
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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
Rental property for sale in Winona Lake at 106 13th St, Winona Lake, IN, 46590 generates $4,444/mo in rent and, after a $2,423/mo payment, leaves $1,472/mo in cash flow. Total monthly income is $4,444/mo, and annual cash flow is $17,668/yr on $164,093 invested. Return on cash invested sits at 30.68% in year one, and rental yield is 10.77% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 160.36% and total cumulative return in cash sums $263,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,444/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
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Listed by: Geoff Cavender • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514966
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.