606 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 606 N Monticello St, Winamac, IN, 46996 at $174,900 posts ROI 25.6% with $275/mo cash flow from $1,325/mo rent. Total monthly income equals $1,325/mo, and annual cash flow records $3,302/yr on $57,979 to close. Return on cash invested measures 25.6% and rental yield reads 9.09% at the current $174,900. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 by year five. Five-year ROI prints 133.18% and total cumulative return in cash totals $77,220.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,325/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1898
7,840 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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