2656 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
Investment property for sale in Milford at 2656 E Lapoint Dr, Milford, IN, 46542 uses $118,710 cash to close to unlock $6,973/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $2,731/mo, and a $1,753/mo payment keeps the spread at $581/mo. Purchase price stands at $358,100, and rental yield measures 9.15% with $2,731/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $98,936 over five years. Five-year ROI reaches 134.14% and total cumulative return in cash records $159,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,731/mo property income covering a $1,753/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.52 Acres lot
$N/A/sqft
No 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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