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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 4229 E Prattsburg Rd, Milan, IN, 47031 generates $2,267/mo in rent and, after a $1,125/mo payment, leaves $887/mo in cash flow. Total monthly income is $2,267/mo, and annual cash flow is $10,646/yr on $76,212 invested. Return on cash invested sits at 33.88% in year one, and rental yield is 11.83% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 177.53% and total cumulative return in cash sums $135,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,267/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
2.16 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 |
|---|---|---|
| 2024-10-07 | Listed for sale | $229,900 |
| 2015-01-31 | Listing removed | $99,900 |
| 2014-12-06 | Listed for sale | $99,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2014-10-17 | $518.56 | 3.71% | $102,500 | -2.10% |
| 2013-10-17 | $500.00 | 46.40% | $104,700 | 25.54% |
| 2012-10-17 | $341.54 | -35.92% | $83,400 | -19.34% |
Listed by: Todd Bischoff • Bischoff Realty
Mls Name: SEIBR
Mls ID: #203833
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
