517 E Short StWinchesterIN47394
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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 Winchester at 517 E Short St, Winchester, IN, 47394 priced at $133,100 converts $924/mo rent into $125/mo cash flow after a $651/mo obligation. Total monthly income equals $924/mo, and annual cash flow totals $1,506/yr on $44,123 invested. Return on cash invested prints 23.32% in year one, and rental yield reads 8.33% against a $133,100 entry. Equity gained on principal adds $859/yr, while 5% annual appreciation compiles into $36,773 by year five. Five-year ROI reaches 120.93% and total cumulative return in cash sums $53,356. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $924/mo property income covering a $651/mo payment, not borrower’s personal income.
Single Family
Built in 1934
10,454 sqft 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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