3564 S Vernon RdMilltownIN47145
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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
Investment Highlights
Rental property for sale in Milltown at 3564 S Vernon Rd, Milltown, IN, 47145 priced at $140,100 pairs $2,027/mo rent with $1,146/mo cash flow after a $686/mo payment. Total monthly income equals $2,027/mo, and annual cash flow comes to $13,749/yr on $46,443 invested. Return on cash invested is 49.51% in year one, and rental yield stands at 17.36% on a $140,100 basis. Equity gained on principal adds $904/yr, and 5% annual appreciation accumulates to $38,707 by year five. Five-year ROI measures 261.73% and total cumulative return in cash reaches $121,554. For financing, Ziffy Mortgage’s DSCR program evaluates $2,027/mo property income against a $686/mo payment instead of your W2s, 1099s, or 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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