412 Saint Charles StMilanIN47031
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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
Rental property for sale in Milan at 412 Saint Charles St, Milan, IN, 47031 priced at $179,000 converts $1,708/mo rent into $634/mo cash flow after a $876/mo obligation. Total monthly income equals $1,708/mo, and annual cash flow totals $7,603/yr on $59,339 invested. Return on cash invested prints 32.72% in year one, and rental yield reads 11.45% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 171.35% and total cumulative return in cash sums $101,679. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,708/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1957
5,227 sqft 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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