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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 416 W Oak St, Mitchell, IN, 47446 at $166,200 posts ROI 28.75% with $406/mo cash flow from $1,403/mo rent. Total monthly income equals $1,403/mo, and annual cash flow records $4,870/yr on $55,095 to close. Return on cash invested measures 28.75% and rental yield reads 10.13% at the current $166,200. Equity gained on principal adds $1,072/yr, and 5% annual appreciation supports $45,918 by year five. Five-year ROI prints 150.01% and total cumulative return in cash totals $82,648.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,403/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
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 |
|---|---|---|
| 2025-04-17 | Sold | $166,200 |
| 2025-04-05 | Pending sale | $160,000 |
| 2025-03-04 | Price change | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $315.76 | 19.39% | $37,300 | 5.97% |
| 2023-10-22 | $264.48 | 3.75% | $35,200 | 7.32% |
| 2022-10-22 | $254.92 | 4.89% | $32,800 | 16.31% |
Listed by: Jack Jones • Indiana Real Estate Connection
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439585
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.
