1392 E Washington 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 1392 E Washington St, Winchester, IN, 47394 uses $59,007 cash to close to unlock $2,229/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $1,254/mo, and a $871/mo payment keeps the spread at $186/mo. Purchase price stands at $178,000, and rental yield measures 8.45% with $1,254/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 122.85% and total cumulative return in cash records $72,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,254/mo property income covering a $871/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.62 Acres 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: Jill Friend • Tarter Realty, Auction & Appraisals Co
Mls Name: RLMS
Mls ID: #10051505