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

Mitchell, IN has a median modeled monthly cash flow of $-246 and a median cap rate of 4.9%, on a median sold price of $172,000. Prices changed -1.1% year over year.

What is the average cap rate in Mitchell, IN?

The median cap rate across recently sold homes in Mitchell, IN is 4.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mitchell, IN?

The median sold price in Mitchell, IN is $172,000 (about $133 per square foot).

Investing in Mitchell, IN Real Estate

A data-driven snapshot of the Mitchell, 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.

$172,000Median sold price

$133Median $/sqft

4.8%Median cap rate

$-246Modeled cash flow / mo

-1.1%Appreciation YoY

10.3Months of supply

113Active listings

132Sold (last 12 mo)

What the Mitchell numbers say

In Mitchell, IN, the median home sold for $172,000 (about $133 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-246 of monthly cash flow. Sold prices moved -1.1% over the past year. Inventory sits at about 10.3 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.

Other Indiana markets to compare

See Mitchell cash-flowing listings

CashFlowRE ranks every for-sale home in Mitchell, 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 Mitchell deals, or browse the national market data.