3223 Falling Oak DrMishawakaIN46544
Nearby investment properties with comparable rents
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 3223 Falling Oak Dr, Mishawaka, IN, 46544 with 5% annual appreciation on a $369,900 basis while $3,130/mo rent supports operations. Total monthly income totals $3,130/mo and a $1,810/mo payment preserves $887/mo for cash returns. Annual cash flow comes to $10,640/yr on $122,622 deployed, and return on cash invested reaches 28.59% in year one. Equity gained on principal adds $2,387/yr, and five-year appreciation sums $102,197 alongside rental yield of 10.15%. Five-year ROI measures 149.22% and total cumulative return in cash totals $182,974.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,130/mo property income versus a $1,810/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
$70 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric j Kovalak • Copper Bay Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202445731
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.