Falling Oak Dr #EU36RMishawakaIN46544
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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
Rental property for sale in Mishawaka at Falling Oak Dr #EU36R, Mishawaka, IN, 46544 priced at $391,000 converts $3,139/mo rent into $792/mo cash flow after a $1,914/mo obligation. Total monthly income equals $3,139/mo, and annual cash flow totals $9,500/yr on $129,617 invested. Return on cash invested prints 27.24% in year one, and rental yield reads 9.63% against a $391,000 entry. Equity gained on principal adds $2,523/yr, while 5% annual appreciation compiles into $108,026 by year five. Five-year ROI reaches 141.91% and total cumulative return in cash sums $183,934. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,139/mo property income covering a $1,914/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A 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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