1336 N 9th StMitchellIN47446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mitchell at 1336 N 9th St, Mitchell, IN, 47446 offers a 9.08% rental yield on a $119,900 purchase with $907/mo rent. Total monthly income registers $907/mo, and a $587/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,245/yr on $39,747 to close, and return on cash invested stands at 25.56% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 133.05% and total cumulative return in cash at $52,884. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $907/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.58 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelli Lucas • LUCAS Indiana Realty and Home Services
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529637
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.