619 S Richmond 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
Rental property for sale in Winchester at 619 S Richmond St, Winchester, IN, 47394 offers $1,494/mo rent that, after a $612/mo payment, leaves $743/mo cash flow. Total monthly income is $1,494/mo, and annual cash flow is $8,922/yr on $41,438 cash. Return on cash invested measures 41.44% in year one, and rental yield stands at 14.34% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 218.08% and total cumulative return in cash reaches $90,365. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,494/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
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: Miranda Fields • RE/MAX Evolve
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527237
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.