1018 Wheatstone DrMishawakaIN46544
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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 Mishawaka at 1018 Wheatstone Dr, Mishawaka, IN, 46544 offers a 8.65% rental yield on a $258,300 purchase with $1,861/mo rent. Total monthly income registers $1,861/mo, and a $1,264/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $924/yr on $85,626 to close, and return on cash invested stands at 20.99% in year one. Equity gained on principal adds $1,667/yr while 5% annual appreciation supports $71,364 over five years. Portfolio math shows five-year ROI at 109.56% and total cumulative return in cash at $93,816. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,861/mo property income against a $1,264/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
2,700 sqft lot
$N/A/sqft
$105 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,766 (100%) |
| Owner Occupied HU | 9,195 (62.3%) |
| Renter Occupied HU | 4,614 (31.2%) |
| Vacant Housing Units | 957 ( 6.5%) |
| Median Home Value | $182,707 |
| Average Home Value | $212,365 |
Housing Distribution
Address Breakdown
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
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