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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 Winamac at 830 E Oak View Est, Winamac, IN, 46996 offers $1,990/mo rent that, after a $1,466/mo payment, leaves $192/mo cash flow. Total monthly income is $1,990/mo, and annual cash flow is $2,305/yr on $99,284 cash. Return on cash invested measures 22.23% in year one, and rental yield stands at 7.97% at a $299,500 entry. Equity gained on principal adds $1,933/yr while 5% annual appreciation compounds into $82,746 by year five. Five-year ROI records 115.1% and total cumulative return in cash reaches $114,275. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,990/mo property income versus a $1,466/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.58 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 |
|---|---|---|
| 2025-06-23 | Price change | $299,500 |
| 2015-06-10 | Listed for sale | $179,000 |
| 2013-12-22 | Listing removed | $169,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-24 | $967.76 | -11.19% | $231,000 | 10.26% |
| 2023-06-24 | $1089.72 | 2.69% | $209,500 | 7.66% |
| 2022-06-24 | $1061.16 | 19.38% | $194,600 | 5.65% |
Listed by: Lisa Malchow • RE/MAX SELECT REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523961
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.
