Is Mishawaka, IN a good place to invest in rental property?

Mishawaka, IN has a median modeled monthly cash flow of $-231 and a median cap rate of 5.1%, on a median sold price of $217,000. Prices changed +5.8% year over year.

What is the average cap rate in Mishawaka, IN?

The median cap rate across recently sold homes in Mishawaka, IN is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mishawaka, IN?

The median sold price in Mishawaka, IN is $217,000 (about $146 per square foot).

Investing in Mishawaka, IN Real Estate

A data-driven snapshot of the Mishawaka, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$217,000Median sold price

$146Median $/sqft

5.1%Median cap rate

$-231Modeled cash flow / mo

+5.8%Appreciation YoY

7.1Months of supply

381Active listings

647Sold (last 12 mo)

What the Mishawaka numbers say

In Mishawaka, IN, the median home sold for $217,000 (about $146 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-231 of monthly cash flow. Sold prices moved +5.8% over the past year. Inventory sits at about 7.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 4 fix-and-flip deals in Mishawaka — listings where the estimated after-repair value beats list price + rehab.

Other Indiana markets to compare

See Mishawaka cash-flowing listings

CashFlowRE ranks every for-sale home in Mishawaka, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mishawaka deals, or browse the national market data.