2840 E Turnberry RdWinona LakeIN46590
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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 Winona Lake at 2840 E Turnberry Rd, Winona Lake, IN, 46590 uses $114,368 cash to close to unlock $15,463/yr annual cash flow and $1,289/mo monthly cash flow. Total monthly income runs $3,370/mo, and a $1,689/mo payment keeps the spread at $1,289/mo. Purchase price stands at $345,000, and rental yield measures 11.72% with $3,370/mo rent. Return on cash invested shows 33.43% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 175.14% and total cumulative return in cash records $200,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,370/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1993
7,840 sqft lot
$N/A/sqft
$120 annually HOA
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Listed by: Deb Paton Showley • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527009
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.