607 W Warren St UNIT A & BMitchellIN47446
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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 Mitchell at 607 W Warren St UNIT A & B, Mitchell, IN, 47446 priced at $250,000 pairs $1,841/mo rent with $340/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,841/mo, and annual cash flow comes to $4,079/yr on $82,875 invested. Return on cash invested is 24.83% in year one, and rental yield stands at 8.84% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 128.98% and total cumulative return in cash reaches $106,894. For financing, Ziffy Mortgage’s DSCR program evaluates $1,841/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2023
6,534 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
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