607 W Warren St UNIT BMitchellIN47446
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Nearby investment properties with comparable prices
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 W Warren St UNIT B, Mitchell, IN, 47446 at $140,000 posts ROI 30.04% with $392/mo cash flow from $1,232/mo rent. Total monthly income equals $1,232/mo, and annual cash flow records $4,702/yr on $46,410 to close. Return on cash invested measures 30.04% and rental yield reads 10.56% at the current $140,000. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 by year five. Five-year ROI prints 156.95% and total cumulative return in cash totals $72,838.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,232/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single 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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