532 N 40 E, Winamac, IN, 46996 | $462/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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532 N 40 E, Winamac, IN, 46996 | $462/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Winamac at 532 N 40 E, Winamac, IN, 46996 earns $462/mo cash flow from $2,262/mo rent with a $1,468/mo payment. Total monthly income totals $2,262/mo, and annual cash flow totals $5,538/yr on $99,450 capital. ROI tracks 25.48% on current figures, and rental yield reads 9.05% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 132.48% and total cumulative return in cash sums $131,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,262/mo property income instead of your personal income.

Single Family

Built in 1978

0.63 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this well maintained home located just on the outskirts of Winamac. This home sits on .63 acres and comes with a two story outbuilding for parking, tools, a workshop, or more storage (with RV hookup!). Surrounded by mature trees, the view is picturesque, especially while sitting on the large brick paver patio. Inside, you will find 3 bedrooms and 2 and a half baths. Skylights and wooden beams accentuate the ceilings, enjoy evenings by the gas log fireplace, and entertain in the updated kitchen with stone countertops and tiled backsplash. Another perk of this home is the second sitting room located through French doors off of the kitchen and living room; so much natural light! Come see this one of a kind home today!

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