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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Winamac at 115 N Franklin St, Winamac, IN, 46996 offers $1,407/mo rent that, after a $881/mo payment, leaves $327/mo cash flow. Total monthly income is $1,407/mo, and annual cash flow is $3,918/yr on $59,670 cash. Return on cash invested measures 26.48% in year one, and rental yield stands at 9.38% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 137.85% and total cumulative return in cash reaches $82,253. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,407/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1867
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46996, Winamac, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,108 (100%) |
| Owner Occupied HU | 2,103 (67.7%) |
| Renter Occupied HU | 608 (19.6%) |
| Vacant Housing Units | 397 (12.8%) |
| Median Home Value | $160,187 |
| Average Home Value | $206,297 |
Residential
2,950
Single Family
2,901
Multi-Family
49
Businesses
299
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $180,000 |
| 2018-10-15 | Sold | $83,500 |
| 2018-05-01 | Price change | $87,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $426.36 | -7.49% | $101,100 | 8.71% |
| 2023-05-01 | $460.90 | 6.26% | $93,000 | 2.65% |
| 2022-05-01 | $433.76 | -5.39% | $90,600 | 4.62% |
Listed by: John Schmicker • All American Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515160
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.
