515 W Vine StMitchellIN47446
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 Mitchell at 515 W Vine St, Mitchell, IN, 47446 earns $181/mo cash flow from $841/mo rent with a $538/mo payment. Total monthly income totals $841/mo, and annual cash flow totals $2,173/yr on $36,465 capital. ROI tracks 25.87% on current figures, and rental yield reads 9.17% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 134.66% and total cumulative return in cash sums $49,104. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $841/mo property income instead of your personal income.
Single Family
Built in 1906
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathryn Blackwell • The Real Estate Co.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521335
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.