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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 121 W Spring St, Winamac, IN, 46996 generates $1,610/mo in rent and, after a $881/mo payment, leaves $530/mo in cash flow. Total monthly income is $1,610/mo, and annual cash flow is $6,354/yr on $59,670 invested. Return on cash invested sits at 30.56% in year one, and rental yield is 10.73% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 159.75% and total cumulative return in cash sums $95,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,610/mo property income rather than buyer’s personal income.
Single Family
Built in 1851
4,748 sqft 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 |
|---|---|---|
| 2025-04-01 | Listed for sale | $180,000 |
| 2017-10-31 | Sold | $79,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | N/A | N/A | $86,900 | 0.46% |
| 2023-04-03 | N/A | N/A | $86,500 | 3.47% |
| 2022-04-03 | N/A | N/A | $83,600 | 5.56% |
Listed by: John Schmicker • All American Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510775
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.
