4876 N 250 WWinamacIN46996
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.03% gross rental yield, 4876 N 250 W, Winamac, IN, 46996 in Winamac is priced for capital growth, not immediate cash flow. The $350,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $96,699 by year five, with $3,224/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.93) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $91,591.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 6.0% |
| Monthly Cash Flow | $(635) | $250 |
City averages based on Winamac market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,466 |
| Total Monthly Debt Service | $1,962 |
| DSCR Ratio | 0.75x |
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 1997
5 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
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 1997
5 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices