1299 Freedom PkwyWinona 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 1299 Freedom Pkwy, Winona Lake, IN, 46590 generates $2,100/mo in rent, after a $2,104/mo payment. Total monthly income is $2,100/mo. Return on cash invested sits at 13.97% in year one, and rental yield is 5.86% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 71.44% and total cumulative return in cash sums $101,815. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.
Condo
Built in 2004
0.52 Acres lot
$N/A/sqft
$2,700 annually HOA
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Listed by: Brian Peterson • Brian Peterson Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520071
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