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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Winamac at 2338 E Tanner Ln, Winamac, IN, 46996 generates $1,346/mo in rent and, after a $685/mo payment, leaves $506/mo in cash flow. Total monthly income is $1,346/mo, and annual cash flow is $6,070/yr on $46,410 invested. Return on cash invested sits at 32.99% in year one, and rental yield is 11.54% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 172.74% and total cumulative return in cash sums $80,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,346/mo property income rather than buyer’s personal income.
Manufactured
Built in 1973
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46996, Winamac, IN area.
| 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 |
Residential
2,950
Single Family
2,901
Multi-Family
49
Businesses
299
Date | Event | Price |
|---|---|---|
| 2025-06-23 | Listed for sale | $140,000 |
| 2014-04-22 | Listing removed | $64,000 |
| 2012-02-01 | Listed for sale | $64,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-24 | $76.46 | 9.98% | $7,500 | 7.14% |
| 2023-06-24 | $69.52 | 0.75% | $7,000 | 16.67% |
| 2022-06-24 | $69.00 | -51.46% | $6,000 | 3.45% |
Listed by: John Schmicker • All American Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523974
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
