2809 N 925 EMill CreekIN46365
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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 Mill Creek at 2809 N 925 E, Mill Creek, IN, 46365 generates $3,124/mo in rent, after a $2,817/mo payment. Total monthly income is $3,124/mo. Return on cash invested sits at 17.96% in year one, and rental yield is 6.51% on a $575,500 entry. Equity gained on principal adds $3,714/yr, while 5% annual appreciation builds toward $159,000 over five years. Five-year ROI reaches 92.15% and total cumulative return in cash sums $174,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,124/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46365, Mill Creek, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 349 (87.0%) |
| Renter Occupied HU | 44 (11.0%) |
| Vacant Housing Units | 8 ( 2.0%) |
| Median Home Value | $278,030 |
| Average Home Value | $454,993 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
403
Multi-Family
0
Businesses
4
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Listed by: Ari M Dunne • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls ID: #202525437