917 Berlin AveMishawakaIN46544
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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 917 Berlin Ave, Mishawaka, IN, 46544 offers a 11.24% rental yield on a $131,900 purchase with $1,235/mo rent. Total monthly income registers $1,235/mo, and a $646/mo payment leaves $421/mo available for distribution. Annual cash flow reaches $5,051/yr on $43,725 to close, and return on cash invested stands at 31.46% in year one. Equity gained on principal adds $851/yr while 5% annual appreciation supports $36,442 over five years. Portfolio math shows five-year ROI at 164.75% and total cumulative return in cash at $72,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,235/mo property income against a $646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
8,712 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: Kyleen Miller • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202441801
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.