1502 Chestnut StWinona 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
Investment property for sale in Winona Lake at 1502 Chestnut St, Winona Lake, IN, 46590 uses $55,692 cash to close to unlock $862/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $822/mo payment keeps the spread at $72/mo. Purchase price stands at $168,000, and rental yield measures 7.71% with $1,080/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 110.89% and total cumulative return in cash records $61,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in 1910
2,613 sqft lot
$N/A/sqft
No HOA
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Listed by: Steve Savage • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529956
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