2327 Normandy DrMishawakaIN46545
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2327 Normandy Dr, Mishawaka, IN, 46545 uses $72,930 cash to close to unlock $2,366/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,518/mo, and a $1,077/mo payment keeps the spread at $197/mo. Purchase price stands at $220,000, and rental yield measures 8.28% with $1,518/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash records $87,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,518/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46545, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 5,878 (45.7%) |
| Renter Occupied HU | 6,229 (48.4%) |
| Vacant Housing Units | 768 ( 6.0%) |
| Median Home Value | $216,798 |
| Average Home Value | $272,129 |
Housing Distribution
Address Breakdown
Residential
12,564
Single Family
8,202
Multi-Family
4,362
Businesses
1,316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices