








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


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
Neighborhood data shown for ZIP Code: 46996, Winamac, IN area.
| 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 |
Residential
2,950
Single Family
2,901
Multi-Family
49
Businesses
299
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Ashli Rowe • Redlow Group
Mls Name: IRMLS
Mls ID: #202542776