449 W Washington 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 449 W Washington St, Winamac, IN, 46996 priced at $349,900 converts $3,264/mo rent into $1,163/mo cash flow after a $1,713/mo obligation. Total monthly income equals $3,264/mo, and annual cash flow totals $13,958/yr on $115,992 invested. Return on cash invested prints 31.94% in year one, and rental yield reads 11.19% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 167.16% and total cumulative return in cash sums $193,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,264/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.37 Acres 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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