705 E 3rd StMishawakaIN46544
Nearby investment properties with comparable rents
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 Mishawaka at 705 E 3rd St, Mishawaka, IN, 46544 at $115,800 posts ROI 37.41% with $560/mo cash flow from $1,274/mo rent. Total monthly income equals $1,274/mo, and annual cash flow records $6,718/yr on $38,388 to close. Return on cash invested measures 37.41% and rental yield reads 13.2% at the current $115,800. Equity gained on principal adds $747/yr, and 5% annual appreciation supports $31,993 by year five. Five-year ROI prints 196.71% and total cumulative return in cash totals $75,513.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,274/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1880
N/A 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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