205 Blessing StMillersburgIN46543
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 205 Blessing St, Millersburg, IN, 46543 in Millersburg is narrow, $169/mo net on $1,669/mo rent after the $1,124/mo debt service, but the property operates at break-even-plus, not a loss. At $249,900 with a 8.02% yield, the long-run equity case via 5% appreciation ($69,043 over five years) and $2,302/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.48 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $105,449.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 8.0% |
| Monthly Cash Flow | $169 | $300 |
City averages based on Millersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,669 |
| Total Monthly Debt Service | $1,401 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2014
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46543, Millersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,242 (100%) |
| Owner Occupied HU | 1,038 (83.6%) |
| Renter Occupied HU | 152 (12.2%) |
| Vacant Housing Units | 52 ( 4.2%) |
| Median Home Value | $328,090 |
| Average Home Value | $426,869 |
Housing Distribution
Address Breakdown
Residential
964
Single Family
964
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2014
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46543, Millersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,242 (100%) |
| Owner Occupied HU | 1,038 (83.6%) |
| Renter Occupied HU | 152 (12.2%) |
| Vacant Housing Units | 52 ( 4.2%) |
| Median Home Value | $328,090 |
| Average Home Value | $426,869 |
Housing Distribution
Address Breakdown
Residential
964
Single Family
964
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vince Beasley • Northern Lakes Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514964
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.