405 W Washington StWinchesterIN47394
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
Investment Highlights
Rental property for sale in Winchester at 405 W Washington St, Winchester, IN, 47394 generates $1,370/mo in rent, after a $1,297/mo payment. Total monthly income is $1,370/mo. Return on cash invested sits at 16.89% in year one, and rental yield is 6.21% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 86.47% and total cumulative return in cash sums $75,932. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,370/mo property income rather than buyer’s personal income.
Townhouse
Built in 2022
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47394, Winchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,747 (100%) |
| Owner Occupied HU | 2,424 (64.7%) |
| Renter Occupied HU | 944 (25.2%) |
| Vacant Housing Units | 379 (10.1%) |
| Median Home Value | $129,592 |
| Average Home Value | $200,535 |
Housing Distribution
Address Breakdown
Residential
3,430
Single Family
3,291
Multi-Family
139
Businesses
346
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Faddis • Tarter Realty, Auction & Appraisals Co
Mls Name: RLMS
Mls ID: #10052621