521 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
Investment property for sale in Winchester at 521 E Short St, Winchester, IN, 47394 uses $66,267 cash to close to unlock $521/yr annual cash flow and $43/mo monthly cash flow. Total monthly income runs $1,243/mo, and a $978/mo payment keeps the spread at $43/mo. Purchase price stands at $199,900, and rental yield measures 7.46% with $1,243/mo rent. Return on cash invested shows 20.7% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 106.86% and total cumulative return in cash records $70,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,243/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,662 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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Listed by: Brody Tarter • Re/Max Evolve
Mls Name: RLMS
Mls Provider:
Mls ID: #10050867
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.