3564 E Vernon RoadMilltownIN47145
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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 Milltown at 3564 E Vernon Road, Milltown, IN, 47145 offers a 0% rental yield on a $690,000 purchase with $0/mo rent. 83% in year one. Equity gained on principal adds $4,452/yr while 5% annual appreciation supports $190,634 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,377/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47145, Milltown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 916 (100%) |
| Owner Occupied HU | 670 (73.1%) |
| Renter Occupied HU | 113 (12.3%) |
| Vacant Housing Units | 133 (14.5%) |
| Median Home Value | $191,667 |
| Average Home Value | $232,172 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
850
Multi-Family
0
Businesses
28
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No similar rental properties found nearby.
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Listed by: Barbara Shaw • RE/MAX Advantage
Mls Name: SIRA
Mls Provider:
Mls ID: #202507106
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.