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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Winchester at 701 Heaston St, Winchester, IN, 47394 offers $1,250/mo rent that, after a $514/mo payment, leaves $620/mo cash flow. Total monthly income is $1,250/mo, and annual cash flow is $7,435/yr on $34,808 cash. Return on cash invested measures 41.27% in year one, and rental yield stands at 14.29% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 217.2% and total cumulative return in cash reaches $75,602. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,250/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47394, Winchester, IN area.
| 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 |
Residential
3,430
Single Family
3,291
Multi-Family
139
Businesses
346
Date | Event | Price |
|---|---|---|
| 2024-11-25 | Sold | $105,000 |
| 2024-11-08 | Pending sale | $125,000 |
| 2024-11-04 | Price change | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $628.08 | -16.70% | $71,500 | N/A |
| 2023-10-22 | $754.00 | 3.86% | $71,500 | -5.17% |
| 2022-10-22 | $726.00 | 6.45% | $75,400 | 3.86% |
What's Special
Pull Down Stairs
Listed by: Jill Friend • Tarter Realty Auction and Appraisal Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438302
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.
