409 W Catherine StMilfordIN46542
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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 Milford at 409 W Catherine St, Milford, IN, 46542 earns $664/mo cash flow from $1,901/mo rent with a $950/mo payment. Total monthly income totals $1,901/mo, and annual cash flow totals $7,968/yr on $64,311 capital. ROI tracks 32.3% on current figures, and rental yield reads 11.76% at a $194,000 purchase. Equity gained on principal adds $1,252/yr, and 5% annual appreciation supports $53,599 over five years. Five-year ROI reaches 169.61% and total cumulative return in cash sums $109,076. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,901/mo property income instead of your personal income.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46542, Milford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,809 (100%) |
| Owner Occupied HU | 1,401 (77.4%) |
| Renter Occupied HU | 284 (15.7%) |
| Vacant Housing Units | 124 ( 6.9%) |
| Median Home Value | $269,483 |
| Average Home Value | $330,842 |
Housing Distribution
Address Breakdown
Residential
1,603
Single Family
1,603
Multi-Family
0
Businesses
96
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Listed by: Kim Vuittonet • Cressy & Everett- Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526502
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.