2638 North St #101, Milan, IN, 47031 | $179/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2638 North St #101, Milan, IN, 47031 | $179/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Milan at 2638 North St #101, Milan, IN, 47031 offers a 7.63% rental yield on a $505,000 purchase with $3,211/mo rent. Total monthly income registers $3,211/mo, and a $2,472/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,151/yr on $166,145 to close, and return on cash invested stands at 21.36% in year one. Equity gained on principal adds $3,259/yr while 5% annual appreciation supports $139,522 over five years. Portfolio math shows five-year ROI at 110.34% and total cumulative return in cash at $183,318. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,211/mo property income against a $2,472/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1973

7.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Motivated Sellers!!! Wowza!! Welcome to this beautiful paradise which includes 4 bedrooms, 4 (2/2) bathrooms and plenty of space to get comfortable and spread out. This home sits on 7.5 acres which features a large stocked pond, a stunning inground pool and trails to the creek just to mention a few. Close to town with a private setting. Many updates have been made recently which include new windows, new siding, new roof, new pool liner and pump, furnace and water heater. Don't miss out on this home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47031, Milan, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,060 (100%)
Owner Occupied HU	1,566 (76.0%)
Renter Occupied HU	341 (16.6%)
Vacant Housing Units	153 ( 7.4%)
Median Home Value	$240,502
Average Home Value	$322,182