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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 Mitchell at 254 Van Sanders Rd, Mitchell, IN, 47446 with 5% annual appreciation on a $175,000 basis while $1,376/mo rent supports operations. Total monthly income totals $1,376/mo and a $857/mo payment preserves $325/mo for cash returns. Annual cash flow comes to $3,900/yr on $58,013 deployed, and return on cash invested reaches 26.63% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 9.44%. Five-year ROI measures 138.75% and total cumulative return in cash totals $80,491.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,376/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2021
19.10 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $272.42 | 35.99% | $16,900 | 14.19% |
| 2023-04-16 | $200.32 | 1.63% | $14,800 | 16.54% |
| 2022-04-16 | $197.10 | -1.60% | $12,700 | 16.51% |
Listed by: Gavin Smoot • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512844
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.
