1584 S State Road 119 RdWinamacIN46996
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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 Winamac at 1584 S State Road 119 Rd, Winamac, IN, 46996 generates $1,795/mo in rent and, after a $1,223/mo payment, leaves $295/mo in cash flow. Total monthly income is $1,795/mo, and annual cash flow is $3,540/yr on $82,842 invested. Return on cash invested sits at 24.18% in year one, and rental yield is 8.62% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 125.58% and total cumulative return in cash sums $104,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,795/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46996, Winamac, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,950
Single Family
2,901
Multi-Family
49
Businesses
299
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Listed by: Shianne Zellers • Martino Realty & Auctioneers - Monticello
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513094
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