2771 Old Vincennes Rd, Mitchell, IN, 47446 | 5.84% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2771 Old Vincennes Rd, Mitchell, IN, 47446 | 5.84% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

You will not find an opportunity like this anywhere else! A wonderful 5 acre private retreat with a NEVER BEFORE LIVED IN home! That's right, this home has never been lived in and was just recently finished! A spacious open floor plan is highlighted by the large owners suite and the oak wood trim that came directly off of this property. The kitchen has beautiful hickory cabinets providing a great amount of storage, a large island and breakfast bar as well. This energy efficient berm home still offers a good amount of natural light along with an awesome covered front porch to relax on and enjoy the peaceful, quiet setting. The 1200SF 3 bay shop is fully insulated and includes a heated half bath with its own septic and water heater. You must see this wonderful property in person to appreciate everything it has to offer.

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