1206 W Brook St, Mitchell, IN, 47446 | $215/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1206 W Brook St, Mitchell, IN, 47446 | $215/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mitchell at 1206 W Brook St, Mitchell, IN, 47446 uses $46,410 cash to close to unlock $2,578/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $1,055/mo, and a $685/mo payment keeps the spread at $215/mo. Purchase price stands at $140,000, and rental yield measures 9.04% with $1,055/mo rent. Return on cash invested shows 25.46% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 132.41% and total cumulative return in cash records $61,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,055/mo property income covering a $685/mo payment rather than investor’s personal income.

Single Family

Built in 1969

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

This delightful small residence features 3 cozy bedrooms and 1 bath. Nestled in a friendly neighborhood, this gem boasts a fenced-in yard, perfect for comfortable and relaxing evening or enjoying your morning beverage. There is a 1 car carport that will provide protection for your vehicle or other outside items. Come sit and enjoy the covered back porch where you can unwind while enjoying some privacy. Plus, you'll be just a stone's throw away from the towns amenities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,285 (100%)
Owner Occupied HU	3,046 (71.1%)
Renter Occupied HU	767 (17.9%)
Vacant Housing Units	472 (11.0%)
Median Home Value	$180,587
Average Home Value	$220,742