413 MILL StreetMadisonIN47250
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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 Madison at 413 MILL Street, Madison, IN, 47250 earns $484/mo cash flow from $2,284/mo rent with a $1,468/mo payment. Total monthly income totals $2,284/mo, and annual cash flow totals $5,803/yr on $99,417 capital. ROI tracks 25.75% on current figures, and rental yield reads 9.14% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 133.91% and total cumulative return in cash sums $133,132. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,284/mo property income instead of your personal income.
Single Family
Built in 1848
2,957 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47250, Madison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,256 (100%) |
| Owner Occupied HU | 6,609 (64.4%) |
| Renter Occupied HU | 2,671 (26.0%) |
| Vacant Housing Units | 976 ( 9.5%) |
| Median Home Value | $232,661 |
| Average Home Value | $249,506 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
9,288
Multi-Family
213
Businesses
902
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