3334 E Grain Bin Rd, Wingate, IN, 47994 | 4.25% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3334 E Grain Bin Rd, Wingate, IN, 47994 | 4.25% Rental Yield | 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

Total monthly income runs $690/mo, and a $954/mo payment. Purchase price stands at $194,900, and rental yield measures 4.25% with $690/mo rent. Return on cash invested shows 10.99% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 54.78% and total cumulative return in cash records $35,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $690/mo property income covering a $954/mo payment rather than investor’s personal income.

Single Family

Built in 1942

1.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in Fountain County this home offers a delightful opportunity to embrace comfortable living within a ready-to-move-in residence, a 2 car detached garage, horse barn and a chicken coop. The property includes a deck where you can envision quiet mornings spent sipping coffee or relaxing evenings immersed in the sounds of nature. Offering 1056 square feet of living area, complete with an updated kitchen, two bedrooms and one full bathroom, this single-family residence presents a harmonious blend of space and intimacy, making it an ideal place to establish lasting memories. Situated on 1.48 +/- acres, this 1942-built home provides ample space for outdoor activities and relaxation. This charming home offers a unique opportunity to create a life filled with comfort and tranquility.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47994, Wingate, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	255 (100%)
Owner Occupied HU	210 (82.4%)
Renter Occupied HU	28 (11.0%)
Vacant Housing Units	17 ( 6.7%)
Median Home Value	$190,625
Average Home Value	$214,452