55910 Erhart DrMishawakaIN46545
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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 55910 Erhart Dr, Mishawaka, IN, 46545 uses $79,527 cash to close to unlock $11,365/yr annual cash flow and $947/mo monthly cash flow. Total monthly income runs $2,387/mo, and a $1,174/mo payment keeps the spread at $947/mo. Purchase price stands at $239,900, and rental yield measures 11.94% with $2,387/mo rent. Return on cash invested shows 34.2% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 179.3% and total cumulative return in cash records $142,591. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,387/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46545, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 5,878 (45.7%) |
| Renter Occupied HU | 6,229 (48.4%) |
| Vacant Housing Units | 768 ( 6.0%) |
| Median Home Value | $216,798 |
| Average Home Value | $272,129 |
Housing Distribution
Address Breakdown
Residential
12,564
Single Family
8,202
Multi-Family
4,362
Businesses
1,316
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Listed by: Michael M Worden • Howard Hanna SB Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509975
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.