Mitchell Dr #CMP5U7RochesterIN46975
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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 Rochester at Mitchell Dr #CMP5U7, Rochester, IN, 46975 priced at $285,000 converts $2,255/mo rent into $544/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,255/mo, and annual cash flow totals $6,529/yr on $94,478 invested. Return on cash invested prints 26.82% in year one, and rental yield reads 9.49% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 139.71% and total cumulative return in cash sums $131,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,255/mo property income covering a $1,395/mo payment, not borrower’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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