214 N Pleasant StMilroyIN46156
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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 Milroy at 214 N Pleasant St, Milroy, IN, 46156 offers a 6.45% rental yield on a $194,900 purchase with $1,048/mo rent. 64% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 90.46% and total cumulative return in cash at $58,443. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,048/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46156, Milroy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 430 (74.0%) |
| Renter Occupied HU | 105 (18.1%) |
| Vacant Housing Units | 46 ( 7.9%) |
| Median Home Value | $195,833 |
| Average Home Value | $216,936 |
Housing Distribution
Address Breakdown
Residential
326
Single Family
326
Multi-Family
0
Businesses
38
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