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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% |
Rental property for sale in Mitchell at 802 S 2nd St, Mitchell, IN, 47446 generates $2,044/mo in rent and, after a $1,370/mo payment, leaves $364/mo in cash flow. Total monthly income is $2,044/mo, and annual cash flow is $4,365/yr on $92,787 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 8.76% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 127.84% and total cumulative return in cash sums $118,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,044/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
6.38 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 |
|---|---|---|
| 2025-07-16 | Listed for sale | $279,900 |
| 2014-10-21 | Sold | $140,000 |
| 2014-07-11 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-17 | $2209.02 | 7.41% | $208,400 | 4.93% |
| 2023-07-17 | $2056.70 | 14.32% | $198,600 | 7.93% |
| 2022-07-17 | $1799.00 | 2.45% | $184,000 | 13.51% |
Listed by: Debra Suddarth • Suddarth & Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527654
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.
