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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Mishawaka at 711 W 5th St, Mishawaka, IN, 46544 offers a 9.11% rental yield on a $118,000 purchase with $896/mo rent. Total monthly income registers $896/mo, and a $578/mo payment leaves $121/mo available for distribution. Annual cash flow reaches $1,449/yr on $39,117 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 123.21% and total cumulative return in cash at $48,195. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $896/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1882
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
| 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 |
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
Date | Event | Price |
|---|---|---|
| 2025-05-09 | Listed for sale | $118,000 |
| 2022-12-08 | Listing removed | $114,500 |
| 2022-11-30 | Price change | $114,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-10 | $1777.28 | 0.07% | $84,300 | 11.66% |
| 2023-05-10 | $1776.08 | 226.05% | $75,500 | N/A |
| 2022-05-10 | $544.72 | 17.66% | $75,500 | 17.97% |
Listed by: Veronika Volnykh • Fenix Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516732
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.
