1108 W Canal 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
Investment property for sale in Winona Lake at 1108 W Canal St, Winona Lake, IN, 46590 uses $51,714 cash to close to unlock $5,302/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $1,427/mo, and a $764/mo payment keeps the spread at $442/mo. Purchase price stands at $156,000, and rental yield measures 10.98% with $1,427/mo rent. Return on cash invested shows 30.16% in year one, and 5% annual appreciation builds toward $43,100 over five years. Five-year ROI reaches 158.01% and total cumulative return in cash records $81,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,427/mo property income covering a $764/mo payment rather than investor’s personal income.
Single Family
Built in 1923
2,613 sqft lot
$N/A/sqft
No HOA
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Listed by: Kami Johnson • Foundations Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528708
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