14942 Douglas RdMishawakaIN46545
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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 Mishawaka at 14942 Douglas Rd, Mishawaka, IN, 46545 uses $97,627 cash to close to unlock $10,855/yr annual cash flow and $905/mo monthly cash flow. Total monthly income runs $2,672/mo, and a $1,441/mo payment keeps the spread at $905/mo. Purchase price stands at $294,500, and rental yield measures 10.89% with $2,672/mo rent. Return on cash invested shows 31.03% in year one, and 5% annual appreciation builds toward $81,365 over five years. Five-year ROI reaches 162.23% and total cumulative return in cash records $158,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,672/mo property income covering a $1,441/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46545, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 5,878 (45.7%) |
| Renter Occupied HU | 6,229 (48.4%) |
| Vacant Housing Units | 768 ( 6.0%) |
| Median Home Value | $216,798 |
| Average Home Value | $272,129 |
Housing Distribution
Address Breakdown
Residential
12,564
Single Family
8,202
Multi-Family
4,362
Businesses
1,316
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