3334 E Grain Bin RdWingateIN47994
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3334 E Grain Bin Rd, Wingate, IN, 47994 in Wingate. Rental yield 4.25%. At $194,900 with 4.25% gross yield, current distributions are modest, but the 5% appreciation rate projects $53,847 in new equity by year five, complemented by $1,795/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.79) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $42,880.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.0% |
| Monthly Cash Flow | $(480) | $150 |
City averages based on Wingate market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $690 |
| Total Monthly Debt Service | $1,092 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1942
1.48 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
167
Single Family
167
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1942
1.48 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
167
Single Family
167
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices