504 S Meridian StWinchesterIN47394
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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 504 S Meridian St, Winchester, IN, 47394 priced at $269,900 pairs $1,663/mo rent with $43/mo cash flow after a $1,321/mo payment. Total monthly income equals $1,663/mo, and annual cash flow comes to $514/yr on $89,472 invested. Return on cash invested is 20.48% in year one, and rental yield stands at 7.39% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 105.67% and total cumulative return in cash reaches $94,542. For financing, Ziffy Mortgage’s DSCR program evaluates $1,663/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.29 Acres 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
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Listed by: Jairo Correa • Re/Max Evolve
Mls Name: RLMS
Mls ID: #10052455