2923 Smalley AveMishawakaIN46544
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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 Mishawaka at 2923 Smalley Ave, Mishawaka, IN, 46544 at $129,900 posts ROI 39.75% with $712/mo cash flow from $1,492/mo rent. Total monthly income equals $1,492/mo, and annual cash flow records $8,544/yr on $43,062 to close. Return on cash invested measures 39.75% and rental yield reads 13.78% at the current $129,900. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 by year five. Five-year ROI prints 209.1% and total cumulative return in cash totals $90,043.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,492/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,766 (100%) |
| Owner Occupied HU | 9,195 (62.3%) |
| Renter Occupied HU | 4,614 (31.2%) |
| Vacant Housing Units | 957 ( 6.5%) |
| Median Home Value | $182,707 |
| Average Home Value | $212,365 |
Housing Distribution
Address Breakdown
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
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Listed by: Justin T Frey • Platinum Property Advisors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517824
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.