608 W Newton StWinchesterIN47394
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Winchester at 608 W Newton St, Winchester, IN, 47394 offers $960/mo rent that, after a $656/mo payment, leaves $155/mo cash flow. Total monthly income is $960/mo, and annual cash flow is $1,866/yr on $44,421 cash. Return on cash invested measures 24.11% in year one, and rental yield stands at 8.6% at a $134,000 entry. Equity gained on principal adds $865/yr while 5% annual appreciation compounds into $37,022 by year five. Five-year ROI records 125.18% and total cumulative return in cash reaches $55,607. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $656/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
6,403 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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Nearby investment properties with comparable prices
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