902 S Burson StWinamacIN46996
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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
Investment Highlights
Investment property for sale in Winamac at 902 S Burson St, Winamac, IN, 46996 uses $74,753 cash to close to unlock $6,925/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $1,931/mo, and a $1,104/mo payment keeps the spread at $577/mo. Purchase price stands at $225,500, and rental yield measures 10.28% with $1,931/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $62,301 over five years. Five-year ROI reaches 152.35% and total cumulative return in cash records $113,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,931/mo property income covering a $1,104/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.47 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
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Listed by: Lisa Malchow • RE/MAX SELECT REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517704
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.