1516 Rabbitsville RdMitchellIN47446
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 1516 Rabbitsville Rd, Mitchell, IN, 47446 uses $44,753 cash to close to unlock $8,116/yr annual cash flow and $676/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $661/mo payment keeps the spread at $676/mo. Purchase price stands at $135,000, and rental yield measures 13.22% with $1,487/mo rent. Return on cash invested shows 38.05% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 199.93% and total cumulative return in cash records $89,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $661/mo payment rather than investor’s personal income.
Manufactured
Built in 1971
1.09 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: Jody D Cobb • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436310
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.