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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% |
Investment property for sale in Mitchell at 40 Ramey Dr, Mitchell, IN, 47446 listed at $325,000 pairs $2,042/mo rent with a $1,591/mo payment to leave $91/mo cash flow. Total monthly income runs $2,042/mo, and annual cash flow reaches $1,089/yr on $107,738 cash to close. Return on cash invested measures 20.92% in year one, and rental yield registers 7.54% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 108.01% and total cumulative return in cash totals $116,365. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,042/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
2.13 Acres 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $615.88 | 21.06% | $178,100 | 6.46% |
| 2023-04-03 | $508.74 | 33.08% | $167,300 | 5.82% |
| 2022-04-03 | $382.28 | 19.60% | $158,100 | 12.13% |
Listed by: Matthew E Corey • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510959
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.
