1372 Yockey RdMitchellIN47446
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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 Mitchell at 1372 Yockey Rd, Mitchell, IN, 47446 uses $132,567 cash to close to unlock $5,481/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $2,857/mo, and a $1,957/mo payment keeps the spread at $457/mo. Purchase price stands at $399,900, and rental yield measures 8.57% with $2,857/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 124.76% and total cumulative return in cash records $165,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1966
3 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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