108 Main StMichigantownIN46057
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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 Michigantown at 108 Main St, Michigantown, IN, 46057 earns $424/mo cash flow from $1,384/mo rent with a $783/mo payment. Total monthly income totals $1,384/mo, and annual cash flow totals $5,084/yr on $53,040 capital. ROI tracks 29.49% on current figures, and rental yield reads 10.38% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 154.01% and total cumulative return in cash sums $81,686. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,384/mo property income instead of your personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46057, Michigantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 447 (100%) |
| Owner Occupied HU | 299 (66.9%) |
| Renter Occupied HU | 91 (20.4%) |
| Vacant Housing Units | 57 (12.8%) |
| Median Home Value | $247,159 |
| Average Home Value | $254,448 |
Housing Distribution
Address Breakdown
Residential
251
Single Family
251
Multi-Family
0
Businesses
33
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Listed by: Allyson L Schutte • Epique Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429245
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.