301 E Mitchell StKendallvilleIN46755
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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 Kendallville at 301 E Mitchell St, Kendallville, IN, 46755 priced at $184,900 converts $1,320/mo rent into $210/mo cash flow after a $905/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $2,521/yr on $61,294 invested. Return on cash invested prints 24.02% in year one, and rental yield reads 8.57% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 124.74% and total cumulative return in cash sums $76,459. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Nikki Ade • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202546399