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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mitchell at 319 W Vine St, Mitchell, IN, 47446 priced at $120,500 converts $1,289/mo rent into $565/mo cash flow after a $590/mo obligation. Total monthly income equals $1,289/mo, and annual cash flow totals $6,785/yr on $39,946 invested. Return on cash invested prints 36.9% in year one, and rental yield reads 12.84% against a $120,500 entry. Equity gained on principal adds $778/yr, while 5% annual appreciation compiles into $33,292 by year five. Five-year ROI reaches 193.75% and total cumulative return in cash sums $77,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,289/mo property income covering a $590/mo payment, not borrower’s personal income.
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.
| 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 |
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
Date | Event | Price |
|---|---|---|
| 2025-04-06 | Listing removed | $99,900 |
| 2025-01-02 | Listed for sale | $99,900 |
| 2021-07-20 | Sold | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | N/A | N/A | $43,800 | 6.05% |
| 2023-10-22 | N/A | N/A | $41,300 | 6.72% |
| 2022-10-22 | N/A | N/A | $38,700 | 11.53% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
