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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% |
Investment property for sale in Mishawaka at 205 E 10th St, Mishawaka, IN, 46544 offers a 10.72% rental yield on a $154,600 purchase with $1,381/mo rent. Total monthly income registers $1,381/mo, and a $757/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,432/yr on $51,250 to close, and return on cash invested stands at 30.51% in year one. Equity gained on principal adds $998/yr while 5% annual appreciation supports $42,713 over five years. Portfolio math shows five-year ROI at 159.45% and total cumulative return in cash at $81,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,381/mo property income against a $757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
| 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 |
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-01-06 | Listing removed | $147,000 |
| 2024-11-25 | Price change | $147,000 |
| 2024-10-12 | Price change | $154,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $1275.90 | 0.88% | $131,000 | 16.13% |
| 2023-10-31 | $1264.76 | 15.84% | $112,800 | N/A |
| 2022-10-31 | $1091.80 | 9.70% | $112,800 | 13.37% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
