421 S Franklin StWinamacIN46996
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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
Rental property for sale in Winamac at 421 S Franklin St, Winamac, IN, 46996 priced at $249,900 converts $2,308/mo rent into $808/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,308/mo, and annual cash flow totals $9,696/yr on $82,842 invested. Return on cash invested prints 31.61% in year one, and rental yield reads 11.08% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 165.41% and total cumulative return in cash sums $137,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,308/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,147 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: Lisa Malchow • RE/MAX SELECT REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524893
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.