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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% |
Rental property for sale in Mitchell at 1211 W Main St, Mitchell, IN, 47446 generates $1,208/mo in rent and, after a $857/mo payment, leaves $157/mo in cash flow. Total monthly income is $1,208/mo, and annual cash flow is $1,884/yr on $58,013 invested. Return on cash invested sits at 23.16% in year one, and rental yield is 8.28% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 120.09% and total cumulative return in cash sums $69,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,208/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.
| 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 |
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $175,000 |
| 2020-12-11 | Sold | $60,000 |
| 2020-11-04 | Listed for sale | $69,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-26 | $1106.00 | 5.74% | $58,900 | 6.51% |
| 2023-04-26 | $1046.00 | 11.28% | $55,300 | 5.74% |
| 2022-04-26 | $940.00 | 208.28% | $52,300 | 11.28% |
Listed by: Kelli Lucas • LUCAS Indiana Realty and Home Services
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514456
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.
