1617 1/2 E 4th StMishawakaIN46544
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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 1617 1/2 E 4th St, Mishawaka, IN, 46544 uses $34,642 cash to close to unlock $2,258/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $815/mo, and a $511/mo payment keeps the spread at $188/mo. Purchase price stands at $104,500, and rental yield measures 9.36% with $815/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $28,871 over five years. Five-year ROI reaches 137.7% and total cumulative return in cash records $47,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $815/mo property income covering a $511/mo payment rather than investor’s personal income.
Single Family
Built in 1902
0.65 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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Listed by: Bella X Lin • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436131
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.