330 W Marion StMishawakaIN46545
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 330 W Marion St, Mishawaka, IN, 46545 uses $82,842 cash to close to unlock $6,804/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $2,067/mo, and a $1,223/mo payment keeps the spread at $567/mo. Purchase price stands at $249,900, and rental yield measures 9.93% with $2,067/mo rent. Return on cash invested shows 28.12% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 146.7% and total cumulative return in cash records $121,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,067/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carlos Avelar • Fenix Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511684
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.