508 E Dragoon TrlMishawakaIN46544
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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
Rental property for sale in Mishawaka at 508 E Dragoon Trl, Mishawaka, IN, 46544 priced at $179,000 pairs $1,589/mo rent with $503/mo cash flow after a $876/mo payment. Total monthly income equals $1,589/mo, and annual cash flow comes to $6,039/yr on $59,339 invested. Return on cash invested is 30.09% in year one, and rental yield stands at 10.65% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 157.32% and total cumulative return in cash reaches $93,351. For financing, Ziffy Mortgage’s DSCR program evaluates $1,589/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1987
0.46 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
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Listed by: Roland Marton • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523016
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