790 S Meridian RdMitchellIN47446
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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 790 S Meridian Rd, Mitchell, IN, 47446 listed at $125,900 pairs $1,255/mo rent with a $616/mo payment to leave $410/mo cash flow. Total monthly income runs $1,255/mo, and annual cash flow reaches $4,926/yr on $41,736 cash to close. Return on cash invested measures 31.71% in year one, and rental yield registers 11.96% at a $125,900 basis. Equity gained on principal adds $812/yr, and annual property appreciation at 5% supports $34,784 by year five. Five-year ROI tracks 166.85% and total cumulative return in cash totals $69,636. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,255/mo property income relative to a $616/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.71 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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