310 E Borley AveMishawakaIN46545
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Nearby investment properties with comparable prices
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 310 E Borley Ave, Mishawaka, IN, 46545 at $129,900 posts ROI 33.4% with $484/mo cash flow from $1,271/mo rent. Total monthly income equals $1,271/mo, and annual cash flow records $5,808/yr on $43,062 to close. Return on cash invested measures 33.4% and rental yield reads 11.74% 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 174.99% and total cumulative return in cash totals $75,355.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,271/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1929
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46545, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 5,878 (45.7%) |
| Renter Occupied HU | 6,229 (48.4%) |
| Vacant Housing Units | 768 ( 6.0%) |
| Median Home Value | $216,798 |
| Average Home Value | $272,129 |
Housing Distribution
Address Breakdown
Residential
12,564
Single Family
8,202
Multi-Family
4,362
Businesses
1,316
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Listed by: Christine Simper • McKinnies Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508477
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.