719 E Mitchell StKendallvilleIN46755
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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
Investment property for sale in Kendallville at 719 E Mitchell St, Kendallville, IN, 46755 uses $62,983 cash to close to unlock $4,157/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $930/mo payment keeps the spread at $346/mo. Purchase price stands at $189,995, and rental yield measures 9.39% with $1,487/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $52,492 over five years. Five-year ROI reaches 138.03% and total cumulative return in cash records $86,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Raylene Webb • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514737
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.