Mitchell Dr #3O7WNVRochesterIN46975
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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 Rochester at Mitchell Dr #3O7WNV, Rochester, IN, 46975 uses $94,643 cash to close to unlock $6,523/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $2,257/mo, and a $1,397/mo payment keeps the spread at $544/mo. Purchase price stands at $285,500, and rental yield measures 9.49% with $2,257/mo rent. Return on cash invested shows 26.8% in year one, and 5% annual appreciation builds toward $78,878 over five years. Five-year ROI reaches 139.57% and total cumulative return in cash records $132,091. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,257/mo property income covering a $1,397/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46975, Rochester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,778 (100%) |
| Owner Occupied HU | 4,464 (65.9%) |
| Renter Occupied HU | 1,433 (21.1%) |
| Vacant Housing Units | 881 (13.0%) |
| Median Home Value | $209,010 |
| Average Home Value | $245,757 |
Housing Distribution
Address Breakdown
Residential
6,117
Single Family
6,067
Multi-Family
50
Businesses
519
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