215 Miller AvenueSellersburgIN47172
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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 Sellersburg at 215 Miller Avenue, Sellersburg, IN, 47172 uses $66,267 cash to close to unlock $4,433/yr annual cash flow and $369/mo monthly cash flow. Total monthly income runs $1,569/mo, and a $978/mo payment keeps the spread at $369/mo. Purchase price stands at $199,900, and rental yield measures 9.42% with $1,569/mo rent. Return on cash invested shows 26.6% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 138.51% and total cumulative return in cash records $91,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,569/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 2007
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47172, Sellersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,462 (100%) |
| Owner Occupied HU | 6,699 (79.2%) |
| Renter Occupied HU | 1,398 (16.5%) |
| Vacant Housing Units | 365 ( 4.3%) |
| Median Home Value | $271,284 |
| Average Home Value | $290,171 |
Housing Distribution
Address Breakdown
Residential
8,461
Single Family
8,291
Multi-Family
170
Businesses
514
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Listed by: Carrie Senn • Legacy Real Estate
Mls Name: SIRA
Mls ID: #2025013136