506 W Emeline StMilfordIN46542
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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 Milford at 506 W Emeline St, Milford, IN, 46542 uses $74,588 cash to close to unlock $7,723/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $1,994/mo, and a $1,101/mo payment keeps the spread at $644/mo. Purchase price stands at $225,000, and rental yield measures 10.63% with $1,994/mo rent. Return on cash invested shows 30.26% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 158.15% and total cumulative return in cash records $117,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,994/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1862
10,070 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46542, Milford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,809 (100%) |
| Owner Occupied HU | 1,401 (77.4%) |
| Renter Occupied HU | 284 (15.7%) |
| Vacant Housing Units | 124 ( 6.9%) |
| Median Home Value | $269,483 |
| Average Home Value | $330,842 |
Housing Distribution
Address Breakdown
Residential
1,603
Single Family
1,603
Multi-Family
0
Businesses
96
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