473 Mill SpgsCoatesvilleIN46121
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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
Investment property for sale in Coatesville at 473 Mill Spgs, Coatesville, IN, 46121 offers a 8.23% rental yield on a $349,900 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,713/mo payment leaves $299/mo available for distribution. Annual cash flow reaches $3,590/yr on $115,992 to close, and return on cash invested stands at 23% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 119.23% and total cumulative return in cash at $138,294. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46121, Coatesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,575 (100%) |
| Owner Occupied HU | 2,049 (79.6%) |
| Renter Occupied HU | 225 ( 8.7%) |
| Vacant Housing Units | 301 (11.7%) |
| Median Home Value | $278,704 |
| Average Home Value | $333,669 |
Housing Distribution
Address Breakdown
Residential
2,236
Single Family
2,236
Multi-Family
0
Businesses
54
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Listed by: Eric Miller • Wright, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078118