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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Milan at 407 W Ellis St, Milan, IN, 47031 priced at $155,900 pairs $1,020/mo rent with $84/mo cash flow after a $763/mo payment. Total monthly income equals $1,020/mo, and annual cash flow comes to $1,011/yr on $51,681 invested. Return on cash invested is 21.86% in year one, and rental yield stands at 7.85% on a $155,900 basis. Equity gained on principal adds $1,006/yr, and 5% annual appreciation accumulates to $43,072 by year five. Five-year ROI measures 113.17% and total cumulative return in cash reaches $58,486. For financing, Ziffy Mortgage’s DSCR program evaluates $1,020/mo property income against a $763/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1930
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47031, Milan, IN area.
| 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 |
Residential
1,831
Single Family
1,746
Multi-Family
85
Businesses
100
Date | Event | Price |
|---|---|---|
| 2025-01-15 | Sold | $155,900 |
| 2024-09-30 | Price change | $155,900 |
| 2024-09-28 | Listed for sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-03 | $352.08 | 9.57% | $73,000 | N/A |
| 2023-11-03 | $321.34 | -16.34% | $73,000 | -1.62% |
| 2022-11-03 | $384.12 | 7.25% | $74,200 | -6.90% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
