216 S Laurel 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
Rental property for sale in Mishawaka at 216 S Laurel St, Mishawaka, IN, 46544 priced at $155,500 pairs $1,170/mo rent with $237/mo cash flow after a $761/mo payment. Total monthly income equals $1,170/mo, and annual cash flow comes to $2,840/yr on $51,548 invested. Return on cash invested is 25.42% in year one, and rental yield stands at 9.03% on a $155,500 basis. Equity gained on principal adds $1,003/yr, and 5% annual appreciation accumulates to $42,962 by year five. Five-year ROI measures 132.16% and total cumulative return in cash reaches $68,129. For financing, Ziffy Mortgage’s DSCR program evaluates $1,170/mo property income against a $761/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
3,920 sqft 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: Keith A Raven • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511136
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.