4607 Riversedge DrMishawakaIN46544
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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
Investment Highlights
Investment property for sale in Mishawaka at 4607 Riversedge Dr, Mishawaka, IN, 46544 earns $352/mo cash flow from $2,201/mo rent with a $1,126/mo payment. Total monthly income totals $2,201/mo, and annual cash flow totals $4,224/yr on $76,245 capital. ROI tracks 25.45% on current figures, and rental yield reads 11.48% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 135.05% and total cumulative return in cash sums $102,967. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,201/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$350 monthly 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
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Listed by: Dawn M Brown • Century 21 Circle
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529717
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.