6066 State Road 60 W, Mitchell, IN, 47446 | 3.75% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6066 State Road 60 W, Mitchell, IN, 47446 | 3.75% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mitchell at 6066 State Road 60 W, Mitchell, IN, 47446 generates $780/mo in rent, after a $1,223/mo payment. Total monthly income is $780/mo. Return on cash invested sits at 9.48% in year one, and rental yield is 3.75% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 46.73% and total cumulative return in cash sums $38,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $780/mo property income rather than buyer’s personal income.

Single Family

Built in 1958

1.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Have you been searching for a spacious home with enough space for your needs? Look no more! This 4 bedroom, 2 full bath, limestone home offers an Accessory Dwelling Unit with 2 bedrooms and a full bath. Combined you have 2,856 sq.ft. of living space, all on one level! Conveniently located and nestled on a level 1.4 acre lot featuring a half horseshoe driveway with ample parking in the rear. The home features an open concept, country kitchen with honey colored cabinetry, farmhouse sink, and modern countertops. Gorgeous double pane windows with farmhouse grids. Two of the four bedrooms have hardwood floors, the third bedroom is currently a glam room, and the primary bedroom is spacious and features an en-suite. The property offers a second dwelling that could be used as a guest space, workshop, home office, or hobby shop. A barn in the back has sectioned spaces for all the toys or critters. Buyers who need a multi-generation property or want a separate space to house guests, adult children, care-takers, or want an elaborate home gym space, this property is a must see!

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