245 Bartlett DrMitchellIN47446
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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 Mitchell at 245 Bartlett Dr, Mitchell, IN, 47446 with 5% annual appreciation on a $159,900 basis while $1,447/mo rent supports operations. Total monthly income totals $1,447/mo and a $783/mo payment preserves $487/mo for cash returns. Annual cash flow comes to $5,841/yr on $53,007 deployed, and return on cash invested reaches 30.93% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 10.86%. Five-year ROI measures 161.7% and total cumulative return in cash totals $85,710.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,447/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
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Listed by: Bobbi Powell • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508723
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.