1213 W Mill St, Middletown, IN, 47356 | $298/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1213 W Mill St, Middletown, IN, 47356 | $298/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Middletown at 1213 W Mill St, Middletown, IN, 47356 generates $1,439/mo in rent and, after a $930/mo payment, leaves $298/mo in cash flow. Total monthly income is $1,439/mo, and annual cash flow is $3,581/yr on $62,985 invested. Return on cash invested sits at 25.59% in year one, and rental yield is 9.09% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 133.1% and total cumulative return in cash sums $83,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,439/mo property income rather than buyer’s personal income.

Single Family

Built in 1959

0.76 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover the solid craftsmanship of this all-brick ranch home offering 3 bedrooms and 1 full bath, perfectly situated on a spacious double lot. Enjoy the convenience of a 1-car attached garage, plus the bonus of a detached 2-car garage and a storage shed-ideal for hobbies, projects, or extra vehicles. Inside, a galley-style kitchen with an adjoining breakfast room provides a cozy space for everyday meals, while the generous family room invites you to relax and gather. Easy and functional layout, this home is ready for your personal touch. Enjoy small-town living with the freedom to make this home truly your own-whether you're looking to settle in right away or add updates to reflect your style. A solid home with room to grow, this ranch is a perfect blend of comfort, practicality, and potential.