6723 N 575 W, Winamac, IN, 46996 | $161/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6723 N 575 W, Winamac, IN, 46996 | $161/mo Cash Flow | Ziffy

For Sale

Rental Income

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 6723 N 575 W, Winamac, IN, 46996 offers a 7.63% rental yield on a $449,900 purchase with $2,862/mo rent. Total monthly income registers $2,862/mo, and a $2,202/mo payment leaves $161/mo available for distribution. Annual cash flow reaches $1,936/yr on $149,142 to close, and return on cash invested stands at 21.21% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 109.57% and total cumulative return in cash at $163,414. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,862/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1991

3.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience the best of country living in this exceptional home, conveniently located between North Judson and Winamac. Offering two fully walk-out levels, each capable of functioning as a completely separate living area, this property is perfect for multi-generational families, extended guests, or potential rental income. The upstairs level features 3 spacious bedrooms, 2 full bathrooms, a living room with a custom designed floor, an updated kitchen, and a dining area with double doors leading to a second-level deck thats ideal for entertaining or enjoying peaceful country views. The lower level includes 2 additional bedrooms, another full bathroom, a second kitchen, a living/dining area, and more than enough storage space, with both levels featuring convenient laundry hookups, providing flexibility and ease for any living arrangement. Recent updates within the past five years include a new roof, deck, furnace, and exterior siding. Outside, the property continues to impress. A 3 car garage with an office connects directly to a massive 40'x70' pole barn, which is insulated, wired with 220 volts, poured concrete with a drain, and has plumbing roughed in for a bathroom. Its perfect for vehicles, workshops, hobbies, storage, or future expansion. Set on generous land with plenty of outdoor space, this home perfectly blends functional living with the charm and tranquility of country life. With its flexible layout, modern improvements, and exceptional exterior amenities, this property offers the ideal combination of comfort, practicality, and peaceful country living.

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