213 E 4th StMilfordIN46542
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow213 E 4th St, Milford, IN, 46542 in Milford earns its strong cash-flow label: 16.91% yield, $2,437/mo rent, $1,399/mo net income, DSCR 3.13. The $173,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $47,797 by year five. Combined with $1,593/yr in principal paydown, total projected return reaches $155,497.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.9% | 7.0% |
| Monthly Cash Flow | $1,399 | $300 |
City averages based on Milford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,437 |
| Total Monthly Debt Service | $970 |
| DSCR Ratio | 2.51x |
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 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46542, Milford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,809 (100%) |
| Owner Occupied HU | 1,401 (77.4%) |
| Renter Occupied HU | 284 (15.7%) |
| Vacant Housing Units | 124 ( 6.9%) |
| Median Home Value | $269,483 |
| Average Home Value | $330,842 |
Housing Distribution
Address Breakdown
Residential
1,603
Single Family
1,603
Multi-Family
0
Businesses
96
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 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46542, Milford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,809 (100%) |
| Owner Occupied HU | 1,401 (77.4%) |
| Renter Occupied HU | 284 (15.7%) |
| Vacant Housing Units | 124 ( 6.9%) |
| Median Home Value | $269,483 |
| Average Home Value | $330,842 |
Housing Distribution
Address Breakdown
Residential
1,603
Single Family
1,603
Multi-Family
0
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Erb • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517536
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.