4026 Us Highway 50 W, Mitchell, IN, 47446 | $83/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4026 Us Highway 50 W, Mitchell, IN, 47446 | $83/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mitchell at 4026 Us Highway 50 W, Mitchell, IN, 47446 uses $62,985 cash to close to unlock $1,001/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,224/mo, and a $930/mo payment keeps the spread at $83/mo. Purchase price stands at $190,000, and rental yield measures 7.73% with $1,224/mo rent. Return on cash invested shows 21.5% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 111.17% and total cumulative return in cash records $70,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,224/mo property income covering a $930/mo payment rather than investor’s personal income.

Single Family

Built in 1996

1.30 Acres lot

$N/A/sqft

No HOA

More details about the property

If you have hobbies, a side hustle, or just need extra space, this unique property offers both a place to live and workall in one convenient location. Situated right on US 50 W, it provides easy access to Bedford, Mitchell, Shoals, and surrounding areas. The main pole barn has been thoughtfully finished into an open-concept living space featuring a full kitchen (appliances included), a full bath with a stand-up shower, one bedroom, and an additional room that could serve as an office. Outside, you'll find plenty of room for your toys and tools. Whether it's motorcycles, cars, or boats, theres space for everything with three additional buildings on site. Some of these outbuildings include features such as concrete floors, electricity, heat, insulation, and overhead doorsideal for storage, workshops, or expanding your business. This versatile property is ready to fit your lifestyle and ambitions!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.

Housing Distribution

Housing Statistics

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