301 N Main StMilanIN47031
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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 301 N Main St, Milan, IN, 47031 uses $70,444 cash to close to unlock $8,226/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $1,961/mo, and a $1,040/mo payment keeps the spread at $685/mo. Purchase price stands at $212,500, and rental yield measures 11.07% with $1,961/mo rent. Return on cash invested shows 31.59% in year one, and 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 165.25% and total cumulative return in cash records $116,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,961/mo property income covering a $1,040/mo payment rather than investor’s personal income.
Single Family
Built in 1902
7,840 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,831
Single Family
1,746
Multi-Family
85
Businesses
100
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