118 W 3rd StWinchesterIN47394
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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 Winchester at 118 W 3rd St, Winchester, IN, 47394 with 5% annual appreciation on a $114,500 basis while $1,069/mo rent supports operations. Total monthly income totals $1,069/mo and a $560/mo payment preserves $382/mo for cash returns. Annual cash flow comes to $4,585/yr on $37,957 deployed, and return on cash invested reaches 31.99% in year one. Equity gained on principal adds $739/yr, and five-year appreciation sums $31,634 alongside rental yield of 11.2%. Five-year ROI measures 167.49% and total cumulative return in cash totals $63,572.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,069/mo property income versus a $560/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47394, Winchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,747 (100%) |
| Owner Occupied HU | 2,424 (64.7%) |
| Renter Occupied HU | 944 (25.2%) |
| Vacant Housing Units | 379 (10.1%) |
| Median Home Value | $129,592 |
| Average Home Value | $200,535 |
Housing Distribution
Address Breakdown
Residential
3,430
Single Family
3,291
Multi-Family
139
Businesses
346
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Listed by: Paul Faddis • Tarter Realty, Auction & Appraisals Co
Mls Name: RLMS
Mls Provider:
Mls ID: #10050603
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.