311 S Pleasant StMilroyIN46156
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow311 S Pleasant St, Milroy, IN, 46156 in Milroy is a solid income-producing rental, 10.06% gross yield, $1,048/mo rent, $297/mo net cash flow on a $125,000 buy. DSCR 1.86 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $34,535 and $1,151/yr in principal reduction project a total cumulative return of $66,499.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 8.0% |
| Monthly Cash Flow | $297 | $300 |
City averages based on Milroy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,048 |
| Total Monthly Debt Service | $701 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1868
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46156, Milroy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 430 (74.0%) |
| Renter Occupied HU | 105 (18.1%) |
| Vacant Housing Units | 46 ( 7.9%) |
| Median Home Value | $195,833 |
| Average Home Value | $216,936 |
Housing Distribution
Address Breakdown
Residential
326
Single Family
326
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1868
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46156, Milroy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 430 (74.0%) |
| Renter Occupied HU | 105 (18.1%) |
| Vacant Housing Units | 46 ( 7.9%) |
| Median Home Value | $195,833 |
| Average Home Value | $216,936 |
Housing Distribution
Address Breakdown
Residential
326
Single Family
326
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices