2590 E Lapoint DrMilfordIN46542
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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 Milford at 2590 E Lapoint Dr, Milford, IN, 46542 priced at $388,000 pairs $3,122/mo rent with $772/mo cash flow after a $1,899/mo payment. Total monthly income equals $3,122/mo, and annual cash flow comes to $9,266/yr on $128,622 invested. Return on cash invested is 27.11% in year one, and rental yield stands at 9.66% on a $388,000 basis. Equity gained on principal adds $2,504/yr, and 5% annual appreciation accumulates to $107,197 by year five. Five-year ROI measures 141.32% and total cumulative return in cash reaches $181,768. For financing, Ziffy Mortgage’s DSCR program evaluates $3,122/mo property income against a $1,899/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.46 Acres lot
$N/A/sqft
$250 annually 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
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Listed by: Katie Conrad • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202445574
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.