517 N Monticello 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
Investment property for sale in Winamac at 517 N Monticello St, Winamac, IN, 46996 at $205,000 posts ROI 30.04% with $574/mo cash flow from $1,804/mo rent. Total monthly income equals $1,804/mo, and annual cash flow records $6,885/yr on $67,958 to close. Return on cash invested measures 30.04% and rental yield reads 10.56% at the current $205,000. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 by year five. Five-year ROI prints 156.92% and total cumulative return in cash totals $106,638.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,804/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
9,147 sqft 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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Listed by: Anna Gilsinger • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202418927
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.