129 Pleasant View DrMitchellIN47446
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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
Rental property for sale in Mitchell at 129 Pleasant View Dr, Mitchell, IN, 47446 priced at $185,000 converts $1,662/mo rent into $552/mo cash flow after a $905/mo obligation. Total monthly income equals $1,662/mo, and annual cash flow totals $6,624/yr on $61,328 invested. Return on cash invested prints 30.71% in year one, and rental yield reads 10.78% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 160.49% and total cumulative return in cash sums $98,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,662/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
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