Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mill Creek at 1672 S 875 E, Mill Creek, IN, 46365 offers a 8.02% rental yield on a $215,000 purchase with $1,437/mo rent. Total monthly income registers $1,437/mo, and a $1,052/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,761/yr on $71,273 to close, and return on cash invested stands at 22.38% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 115.84% and total cumulative return in cash at $82,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,437/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46365, Mill Creek, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 349 (87.0%) |
| Renter Occupied HU | 44 (11.0%) |
| Vacant Housing Units | 8 ( 2.0%) |
| Median Home Value | $278,030 |
| Average Home Value | $454,993 |
Residential
403
Single Family
403
Multi-Family
0
Businesses
4
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Andrea Buttermore • Blackrock Real Estate Services
Mls Name: NIRA
Mls ID: #829383
