550 Vistula Ter APT 4MishawakaIN46544
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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 550 Vistula Ter APT 4, Mishawaka, IN, 46544 priced at $274,900 pairs $2,003/mo rent with $105/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,003/mo, and annual cash flow comes to $1,264/yr on $91,129 invested. Return on cash invested is 21.3% in year one, and rental yield stands at 8.74% on a $274,900 basis. Equity gained on principal adds $1,774/yr, and 5% annual appreciation accumulates to $75,950 by year five. Five-year ROI measures 111.25% and total cumulative return in cash reaches $101,379. For financing, Ziffy Mortgage’s DSCR program evaluates $2,003/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
4.40 Acres lot
$N/A/sqft
$248 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: Linda Konrath • SUNRISE Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511016
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.