620 E 4th StMishawakaIN46544
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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 Mishawaka at 620 E 4th St, Mishawaka, IN, 46544 offers $1,571/mo rent that, after a $1,077/mo payment, leaves $133/mo cash flow. Total monthly income is $1,571/mo, and annual cash flow is $1,598/yr on $72,930 cash. Return on cash invested measures 22.1% in year one, and rental yield stands at 8.57% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 115.11% and total cumulative return in cash reaches $83,951. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,571/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,766 (100%) |
| Owner Occupied HU | 9,195 (62.3%) |
| Renter Occupied HU | 4,614 (31.2%) |
| Vacant Housing Units | 957 ( 6.5%) |
| Median Home Value | $182,707 |
| Average Home Value | $212,365 |
Housing Distribution
Address Breakdown
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
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Listed by: Heather Merrill • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202500339
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.