2598 W 431 SWinamacIN46996
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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 Winamac at 2598 W 431 S, Winamac, IN, 46996 uses $72,599 cash to close to unlock $5,659/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $1,794/mo, and a $1,072/mo payment keeps the spread at $472/mo. Purchase price stands at $219,000, and rental yield measures 9.83% with $1,794/mo rent. Return on cash invested shows 27.7% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 144.48% and total cumulative return in cash records $104,889. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,794/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 2019
6,359 sqft 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: Joseph Wootan • Listwithfreedom.com Inc
Mls Name: NIRA
Mls Provider:
Mls ID: #819524
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