813 Mitchell DrGas CityIN46933
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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 Gas City at 813 Mitchell Dr, Gas City, IN, 46933 listed at $139,900 pairs $1,081/mo rent with a $685/mo payment to leave $241/mo cash flow. Total monthly income runs $1,081/mo, and annual cash flow reaches $2,891/yr on $46,377 cash to close. Return on cash invested measures 26.14% in year one, and rental yield registers 9.27% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 136.03% and total cumulative return in cash totals $63,087. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,081/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1982
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46933, Gas City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,943 (65.9%) |
| Renter Occupied HU | 776 (26.3%) |
| Vacant Housing Units | 228 ( 7.7%) |
| Median Home Value | $124,795 |
| Average Home Value | $191,109 |
Housing Distribution
Address Breakdown
Residential
2,829
Single Family
2,760
Multi-Family
69
Businesses
247
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