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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mishawaka at 118 S Merrifield Ave, Mishawaka, IN, 46544 at $105,000 posts ROI 23.76% with $112/mo cash flow from $788/mo rent. Total monthly income equals $788/mo, and annual cash flow records $1,340/yr on $34,808 to close. Return on cash invested measures 23.76% and rental yield reads 9.01% at the current $105,000. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 by year five. Five-year ROI prints 123.87% and total cumulative return in cash totals $43,118.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $788/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1902
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
| 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 |
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-05-06 | Listed for sale | $105,000 |
| 2019-08-01 | Listing removed | $73,500 |
| 2019-01-16 | Listed for sale | $73,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-07 | $1422.52 | 3.31% | $99,400 | 64.03% |
| 2023-05-07 | $1376.98 | 6.18% | $60,600 | 3.24% |
| 2022-05-07 | $1296.84 | -21.56% | $58,700 | 6.73% |
Listed by: Carson L Eddy • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516187
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.
