800 E Oak View EstWinamacIN46996
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 800 E Oak View Est, Winamac, IN, 46996 in Winamac: $2,030/mo in rent, $380/mo in net income, 8.86% gross yield, 1.64 DSCR, all at $274,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $75,950 in appreciation and $2,532/yr in principal paydown projects total cumulative return of $128,502.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.0% |
| Monthly Cash Flow | $380 | $250 |
City averages based on Winamac market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,030 |
| Total Monthly Debt Service | $1,541 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
0.53 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,950
Single Family
2,901
Multi-Family
49
Businesses
299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1994
0.53 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,950
Single Family
2,901
Multi-Family
49
Businesses
299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices