103 E 7th StMishawakaIN46544
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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 103 E 7th St, Mishawaka, IN, 46544 listed at $157,400 pairs $1,414/mo rent with a $770/mo payment to leave $374/mo cash flow. Total monthly income runs $1,414/mo, and annual cash flow reaches $4,484/yr on $52,178 cash to close. Return on cash invested measures 28.5% in year one, and rental yield registers 10.78% at a $157,400 basis. Equity gained on principal adds $1,016/yr, and annual property appreciation at 5% supports $43,487 by year five. Five-year ROI tracks 149.51% and total cumulative return in cash totals $78,013. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,414/mo property income relative to a $770/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1902
3,484 sqft lot
$N/A/sqft
No 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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Listed by: Adam Pendl • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518220
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.