231 Maple StMillersburgIN46543
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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
Rental property for sale in Millersburg at 231 Maple St, Millersburg, IN, 46543 generates $1,713/mo in rent and, after a $974/mo payment, leaves $518/mo in cash flow. Total monthly income is $1,713/mo, and annual cash flow is $6,221/yr on $65,969 invested. Return on cash invested sits at 29.34% in year one, and rental yield is 10.33% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 153.21% and total cumulative return in cash sums $101,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,713/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.28 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
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Listed by: Patricia Miller • Century 21 Circle
Mls Name: IRMLS
Mls ID: #202546579