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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 Mitchell at 7441 State Road 60 W, Mitchell, IN, 47446 offers a 3.93% rental yield on a $439,900 purchase with $1,440/mo rent. 03% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,536 over five years. Portfolio math shows five-year ROI at 49.63% and total cumulative return in cash at $72,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $2,153/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
9.73 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 |
|---|---|---|
| 2025-05-23 | Listed for sale | $439,900 |
| 2019-05-17 | Listing removed | $189,900 |
| 2019-03-18 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $1943.38 | 5.22% | $231,900 | 6.82% |
| 2023-05-27 | $1846.96 | 5.89% | $217,100 | 7.10% |
| 2022-05-27 | $1744.26 | 2.98% | $202,700 | 16.16% |
What's Special
Access Only
Listed by: Leigh Turner • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22040643
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-27 08:08:02 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
