116 E Lowell AveMishawakaIN46545
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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 116 E Lowell Ave, Mishawaka, IN, 46545 with 5% annual appreciation on a $162,000 basis while $1,315/mo rent supports operations. Total monthly income totals $1,315/mo and a $793/mo payment preserves $342/mo for cash returns. Annual cash flow comes to $4,109/yr on $53,703 deployed, and return on cash invested reaches 27.56% in year one. Equity gained on principal adds $1,045/yr, and five-year appreciation sums $44,758 alongside rental yield of 9.74%. Five-year ROI measures 143.69% and total cumulative return in cash totals $77,165.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,315/mo property income versus a $793/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46545, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 5,878 (45.7%) |
| Renter Occupied HU | 6,229 (48.4%) |
| Vacant Housing Units | 768 ( 6.0%) |
| Median Home Value | $216,798 |
| Average Home Value | $272,129 |
Housing Distribution
Address Breakdown
Residential
12,564
Single Family
8,202
Multi-Family
4,362
Businesses
1,316
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Listed by: Jamie J Floyd • Open Door Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439148
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.