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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 Mitchell at 1240 Quail Run, Mitchell, IN, 47446 listed at $350,000 pairs $1,478/mo rent with a $1,713/mo payment. Total monthly income runs $1,478/mo. Return on cash invested measures 12.6% in year one, and rental yield registers 5.07% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 63.74% and total cumulative return in cash totals $73,958. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,478/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
2.44 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 |
|---|---|---|
| 2025-05-23 | Listed for sale | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-26 | $3913.72 | 26.74% | $232,100 | 6.57% |
| 2023-05-26 | $3087.98 | 111.96% | $217,800 | 8.14% |
| 2022-05-26 | $1456.90 | 1.76% | $201,400 | 23.41% |
Listed by: Jeremy L Ward • Ward Realty Services
Mls Name: SIRA
Mls Provider:
Mls ID: #202508218
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
