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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Winchester at 515 W Franklin St, Winchester, IN, 47394 priced at $129,900 converts $1,023/mo rent into $243/mo cash flow after a $636/mo obligation. Total monthly income equals $1,023/mo, and annual cash flow totals $2,916/yr on $43,062 invested. Return on cash invested prints 26.68% in year one, and rental yield reads 9.45% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 139.04% and total cumulative return in cash sums $59,875. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,023/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47394, Winchester, IN area.
| 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 |
Residential
3,430
Single Family
3,291
Multi-Family
139
Businesses
346
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $129,900 |
| 2011-11-04 | Sold | $3,451 |
| 2007-01-26 | Sold | $66,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $246.00 | 1.65% | $12,000 | N/A |
| 2023-04-11 | $242.00 | -1.22% | $12,000 | 1.69% |
| 2022-04-11 | $245.00 | -68.63% | $11,800 | -1.67% |
Listed by: Brody Tarter • Re/Max Evolve
Mls Name: RLMS
Mls Provider:
Mls ID: #10050744
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.
