231 W 2nd StMilanMO63556
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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 Milan at 231 W 2nd St, Milan, MO, 63556 at $120,100 posts ROI 33.2% with $441/mo cash flow from $1,189/mo rent. Total monthly income equals $1,189/mo, and annual cash flow records $5,290/yr on $39,813 to close. Return on cash invested measures 33.2% and rental yield reads 11.88% at the current $120,100. Equity gained on principal adds $775/yr, and 5% annual appreciation supports $33,181 by year five. Five-year ROI prints 174.16% and total cumulative return in cash totals $69,339.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,189/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63556, Milan, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 896 (55.3%) |
| Renter Occupied HU | 470 (29.0%) |
| Vacant Housing Units | 255 (15.7%) |
| Median Home Value | $120,098 |
| Average Home Value | $170,840 |
Housing Distribution
Address Breakdown
Residential
1,426
Single Family
1,409
Multi-Family
17
Businesses
140
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