2223 S State Road 61, Winslow, IN, 47598 | $521/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2223 S State Road 61, Winslow, IN, 47598 | $521/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Winslow at 2223 S State Road 61, Winslow, IN, 47598 uses $49,692 cash to close to unlock $6,250/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $1,421/mo, and a $734/mo payment keeps the spread at $521/mo. Purchase price stands at $149,900, and rental yield measures 11.38% with $1,421/mo rent. Return on cash invested shows 32.49% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 170.05% and total cumulative return in cash records $84,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,421/mo property income covering a $734/mo payment rather than investor’s personal income.

Single Family

Built in 1923

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Check out this tastefully updated 2 bedroom, 1 bathroom home in a great location. This home has an adorable covered front porch area to enjoy your morning coffee or relax. When you enter the front door, you will be greeted by an open concept living room, kitchen, and dining area. In the kitchen you will find a good amount of counter space, beautiful white cabinetry, a nice sized pantry, and a small bar area. Just off the living room, you will find 2 spacious bedrooms that have a nice amount of closet space. The updated bathroom boasts a stand up shower and is located conveniently for easy access. This home has updated flooring throughout. There is a nice sized deck area off the back of the home that is perfect for entertaining or relaxing, too! As if that isn't enough, you will also find a full unfinished basement that could potentially also serve as an additional bedroom. Outside, you will find a carport for vehicle coverage, and the perfect back yard area to enjoy.