Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mitchell at 636 S 7th St, Mitchell, IN, 47446 listed at $165,000 pairs $1,769/mo rent with a $808/mo payment to leave $661/mo cash flow. Total monthly income runs $1,769/mo, and annual cash flow reaches $7,932/yr on $54,698 cash to close. Return on cash invested measures 34.41% in year one, and rental yield registers 12.87% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 181.28% and total cumulative return in cash totals $99,155. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,769/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.
| 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 |
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
Date | Event | Price |
|---|---|---|
| 2024-11-07 | Sold | $165,000 |
| 2024-10-28 | Pending sale | $169,900 |
| 2024-09-20 | Listed for sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2776.00 | -3.40% | $138,000 | -0.58% |
| 2023-10-22 | $2873.70 | 7.47% | $138,800 | -3.00% |
| 2022-10-22 | $2674.00 | 132.12% | $143,100 | 7.51% |
Listed by: Kathryn Blackwell • The Real Estate Co.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436567
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.
