839 E 5th StMishawakaIN46544
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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 Mishawaka at 839 E 5th St, Mishawaka, IN, 46544 listed at $119,000 pairs $938/mo rent with a $582/mo payment to leave $86/mo cash flow. Total monthly income runs $938/mo, and annual cash flow reaches $1,036/yr on $39,449 cash to close. Return on cash invested measures 22.54% in year one, and rental yield registers 9.46% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 118.28% and total cumulative return in cash totals $46,661. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $938/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46544, Mishawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,766 (100%) |
| Owner Occupied HU | 9,195 (62.3%) |
| Renter Occupied HU | 4,614 (31.2%) |
| Vacant Housing Units | 957 ( 6.5%) |
| Median Home Value | $182,707 |
| Average Home Value | $212,365 |
Housing Distribution
Address Breakdown
Residential
14,256
Single Family
11,948
Multi-Family
2,308
Businesses
651
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Listed by: Thomas Capers • Capers Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519310
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.