1516 Cobblestone Cir NMishawakaIN46544
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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 Mishawaka at 1516 Cobblestone Cir N, Mishawaka, IN, 46544 offers $843/mo rent that, after a $532/mo payment, leaves $191/mo cash flow. Total monthly income is $843/mo, and annual cash flow is $2,288/yr on $36,001 cash. Return on cash invested measures 26.26% in year one, and rental yield stands at 9.31% at a $108,600 entry. Equity gained on principal adds $701/yr while 5% annual appreciation compounds into $30,004 by year five. Five-year ROI records 136.74% and total cumulative return in cash reaches $49,228. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $843/mo property income versus a $532/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
N/A 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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