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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% |
Investment property for sale in Winamac at 7015 W 700 N, Winamac, IN, 46996 offers a 6.94% rental yield on a $370,000 purchase with $2,140/mo rent. 12% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 98.34% and total cumulative return in cash at $120,617. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,140/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
3 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 |
|---|---|---|
| 2025-08-27 | Sold | $370,000 |
| 2025-07-11 | Pending sale | $360,000 |
| 2025-07-01 | Listed for sale | $360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $953.76 | -0.70% | $168,200 | 9.79% |
| 2023-10-08 | $960.48 | -1.45% | $153,200 | 9.27% |
| 2022-10-08 | $974.62 | 10.06% | $140,200 | 8.01% |
Listed by: Lisa Malchow • RE/MAX SELECT REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525297
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.
