209-207 N Winters WayCarthageIN46115
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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 Carthage at 209-207 N Winters Way, Carthage, IN, 46115 listed at $175,000 pairs $671/mo rent with a $857/mo payment. Total monthly income runs $671/mo. Return on cash invested measures 12.05% in year one, and rental yield registers 4.6% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 60.54% and total cumulative return in cash totals $35,119. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $671/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1987
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46115, Carthage, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 872 (100%) |
| Owner Occupied HU | 641 (73.5%) |
| Renter Occupied HU | 174 (20.0%) |
| Vacant Housing Units | 57 ( 6.5%) |
| Median Home Value | $265,164 |
| Average Home Value | $293,658 |
Housing Distribution
Address Breakdown
Residential
559
Single Family
559
Multi-Family
0
Businesses
26
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