15483 Carriage LnMishawakaIN46545
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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 15483 Carriage Ln, Mishawaka, IN, 46545 listed at $433,000 pairs $2,765/mo rent with a $2,119/mo payment to leave $166/mo cash flow. Total monthly income runs $2,765/mo, and annual cash flow reaches $1,993/yr on $143,540 cash to close. Return on cash invested measures 21.3% in year one, and rental yield registers 7.66% at a $433,000 basis. Equity gained on principal adds $2,794/yr, and annual property appreciation at 5% supports $119,630 by year five. Five-year ROI tracks 110.07% and total cumulative return in cash totals $158,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,765/mo property income relative to a $2,119/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.34 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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Listed by: Dennis D Miller • Miller Builders Real Estate Gr
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524372
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.