439 E 17th StMishawakaIN46544
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 439 E 17th St, Mishawaka, IN, 46544 uses $77,903 cash to close to unlock $4,770/yr annual cash flow and $398/mo monthly cash flow. Total monthly income runs $1,808/mo, and a $1,150/mo payment keeps the spread at $398/mo. Purchase price stands at $235,000, and rental yield measures 9.23% with $1,808/mo rent. Return on cash invested shows 26.03% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 135.47% and total cumulative return in cash records $105,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,808/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1949
0.73 Acres lot
$N/A/sqft
No 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: Brent A Horine • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522615
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.