1603 Vfw Rd, Mitchell, IN, 47446 | $503/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1603 Vfw Rd, Mitchell, IN, 47446 | $503/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mitchell at 1603 Vfw Rd, Mitchell, IN, 47446 offers a 8.93% rental yield on a $350,000 purchase with $2,604/mo rent. Total monthly income registers $2,604/mo, and a $1,713/mo payment leaves $503/mo available for distribution. Annual cash flow reaches $6,037/yr on $116,025 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 130.53% and total cumulative return in cash at $151,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,604/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1996

3.48 Acres lot

$N/A/sqft

No HOA

More details about the property

IMMACULATE. INVITING. CHARMING. Custom-built tri-level home on 3.482 acres offering FOUR bedrooms and THREE bathrooms. The lower level features two bedrooms, a full bath, and a spacious family room with French doors that open to a private concrete patio. The main level includes a welcoming foyer, open living/dining area, and a kitchen that comes complete with appliances. Upstairs, youll find a convenient laundry area, a master suite with double closets and a beautifully remodeled bath, plus a fourth bedroom with your third bathroom. Outdoor living is just as inviting with a screened-in back porch, fenced backyard, attractive landscaping, asphalt driveway, and an attached 2-car garage. Some recent updates include new kitchen appliances (refrigerator, dishwasher, and gas stove), engineered flooring in the living room, new bathroom vanities and sinks, recessed lighting in the kitchen, and a chain link fence. The kitchen and dining room were upgraded in 2022 with new flooring, quartz countertops, backsplash, and a new island, along with landscaping and garage door openers. In 2023, the home received fresh paint, a new 12x20 shed, and a sealed driveway. Additional enhancements include an electric fireplace in the living room in 2024 and new carpeting on the upper level in 2025. Utilities are provided by: Orange County REMC ($225/month), S Lawrence Water ($65/month), and Orange County REMC Fiber. Home comes complete with kitchen appliances and has the possibility of qualifying for 100% USDA financing. Move-in ready with modern updates, this property combines comfort, functionality, and acreage for the perfect place to call home.

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