407 W Ellis StMilanIN47031
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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 Milan at 407 W Ellis St, Milan, IN, 47031 priced at $155,900 pairs $1,232/mo rent with $296/mo cash flow after a $763/mo payment. Total monthly income equals $1,232/mo, and annual cash flow comes to $3,555/yr on $51,681 invested. Return on cash invested is 26.79% in year one, and rental yield stands at 9.48% 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 139.57% and total cumulative return in cash reaches $72,130. For financing, Ziffy Mortgage’s DSCR program evaluates $1,232/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
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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