2771 Old Vincennes RdMitchellIN47446
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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
Total monthly income runs $2,190/mo, and a $2,202/mo payment. Purchase price stands at $449,900, and rental yield measures 5.84% with $2,190/mo rent. Return on cash invested shows 15.8% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 80.58% and total cumulative return in cash records $120,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,190/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 2007
5 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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