729 Thompson LnMitchellIN47446
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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 Mitchell at 729 Thompson Ln, Mitchell, IN, 47446 offers a 7.89% rental yield on a $419,900 purchase with $2,762/mo rent. Total monthly income registers $2,762/mo, and a $2,055/mo payment leaves $242/mo available for distribution. Annual cash flow reaches $2,899/yr on $139,197 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,011 over five years. Portfolio math shows five-year ROI at 113.77% and total cumulative return in cash at $158,364. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,762/mo property income against a $2,055/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47446, Mitchell, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,131
Single Family
4,075
Multi-Family
56
Businesses
276
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Listed by: Molly Shanks • Sycamore Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515061
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.