2933 Colonial DrMishawakaIN46544
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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
Rental property for sale in Mishawaka at 2933 Colonial Dr, Mishawaka, IN, 46544 priced at $344,900 converts $2,856/mo rent into $786/mo cash flow after a $1,688/mo obligation. Total monthly income equals $2,856/mo, and annual cash flow totals $9,429/yr on $114,334 invested. Return on cash invested prints 28.16% in year one, and rental yield reads 9.94% against a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,290 by year five. Five-year ROI reaches 146.81% and total cumulative return in cash sums $167,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,856/mo property income covering a $1,688/mo payment, not borrower’s personal income.
Single Family
Built in 2010
9,147 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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