607 W Newton 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 607 W Newton St, Winchester, IN, 47394 uses $43,062 cash to close to unlock $4,908/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $1,189/mo, and a $636/mo payment keeps the spread at $409/mo. Purchase price stands at $129,900, and rental yield measures 10.98% with $1,189/mo rent. Return on cash invested shows 31.31% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 163.85% and total cumulative return in cash records $70,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,189/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,405 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: James Meredith • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515782
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.