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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mitchell at 1860 Felknor Rd, Mitchell, IN, 47446 priced at $200,000 pairs $1,798/mo rent with $597/mo cash flow after a $979/mo payment. Total monthly income equals $1,798/mo, and annual cash flow comes to $7,168/yr on $66,300 invested. Return on cash invested is 30.72% in year one, and rental yield stands at 10.79% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 160.61% and total cumulative return in cash reaches $106,484. For financing, Ziffy Mortgage’s DSCR program evaluates $1,798/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
2.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.
| 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 |
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
Date | Event | Price |
|---|---|---|
| 2024-11-05 | Sold | $200,000 |
| 2024-09-24 | Listed for sale | $235,000 |
| 2022-09-13 | Sold | $179,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $932.94 | 80.31% | $149,700 | 16.50% |
| 2023-10-22 | $517.40 | -60.79% | $128,500 | 53.89% |
| 2022-10-22 | $1319.62 | -0.01% | $83,500 | 14.54% |
Listed by: Miranda Mann • Berkshire Hathaway HomeServices Indiana Realty-Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436914
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.
