121 W 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 121 W 7th St, Mishawaka, IN, 46544 uses $56,322 cash to close to unlock $4,064/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $1,359/mo, and a $832/mo payment keeps the spread at $339/mo. Purchase price stands at $169,900, and rental yield measures 9.6% with $1,359/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 141.33% and total cumulative return in cash records $79,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,359/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1902
9,147 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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