506 N Vine StMilanIN47031
Nearby investment properties with comparable rents
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
Rental property for sale in Milan at 506 N Vine St, Milan, IN, 47031 offers $2,060/mo rent that, after a $988/mo payment, leaves $848/mo cash flow. Total monthly income is $2,060/mo, and annual cash flow is $10,179/yr on $66,930 cash. Return on cash invested measures 35.12% in year one, and rental yield stands at 12.24% at a $201,900 entry. Equity gained on principal adds $1,303/yr while 5% annual appreciation compounds into $55,781 by year five. Five-year ROI records 184.21% and total cumulative return in cash reaches $123,292. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,060/mo property income versus a $988/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
0.25 Acres 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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