607 & 611 W Warren StMitchellIN47446
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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 Mitchell at 607 & 611 W Warren St, Mitchell, IN, 47446 earns from $1,696/mo rent with a $1,835/mo payment. Total monthly income totals $1,696/mo. ROI tracks 14.56% on current figures, and rental yield reads 5.43% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 73.9% and total cumulative return in cash sums $91,863. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,696/mo property income instead of your personal income.
Multi Family
Built in 1856
0.30 Acres 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
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