1507 Kensington PlMishawakaIN46544
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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 1507 Kensington Pl, Mishawaka, IN, 46544 listed at $223,900 pairs $1,981/mo rent with a $1,096/mo payment to leave $637/mo cash flow. Total monthly income runs $1,981/mo, and annual cash flow reaches $7,642/yr on $74,223 cash to close. Return on cash invested measures 30.21% in year one, and rental yield registers 10.62% at a $223,900 basis. Equity gained on principal adds $1,445/yr, and annual property appreciation at 5% supports $61,859 by year five. Five-year ROI tracks 157.79% and total cumulative return in cash totals $117,120. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,981/mo property income relative to a $1,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,766 (100%) |
| Owner Occupied HU | 9,195 (62.3%) |
| Renter Occupied HU | 4,614 (31.2%) |
| Vacant Housing Units | 957 ( 6.5%) |
| Median Home Value | $182,707 |
| Average Home Value | $212,365 |
Housing Distribution
Address Breakdown
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
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