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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 448 N 7th St, Mitchell, IN, 47446 uses $72,184 cash to close to unlock $9,416/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $2,092/mo, and a $1,066/mo payment keeps the spread at $785/mo. Purchase price stands at $217,750, and rental yield measures 11.53% with $2,092/mo rent. Return on cash invested shows 32.95% in year one, and 5% annual appreciation builds toward $60,160 over five years. Five-year ROI reaches 172.56% and total cumulative return in cash records $124,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,092/mo property income covering a $1,066/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.33 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $217,750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $1364.00 | 14.52% | $143,900 | 5.50% |
| 2023-06-26 | $1191.06 | 30.78% | $136,400 | 9.29% |
| 2022-06-26 | $910.76 | 8.36% | $124,800 | 13.45% |
What's Special
Storage
Listed by: Matthew E Corey • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524385
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.
