1101 Wellsley CtMishawakaIN46544
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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
Rental property for sale in Mishawaka at 1101 Wellsley Ct, Mishawaka, IN, 46544 generates $2,634/mo in rent and, after a $1,958/mo payment, leaves $233/mo in cash flow. Total monthly income is $2,634/mo, and annual cash flow is $2,792/yr on $132,600 invested. Return on cash invested sits at 22.01% in year one, and rental yield is 7.9% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 113.89% and total cumulative return in cash sums $151,024. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,634/mo property income rather than buyer’s personal income.
Condo
Built in 2018
0.25 Acres 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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