508 Lura CirMilfordIN46542
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 508 Lura Cir, Milford, IN, 46542 in Milford. At $129,900 it earns $1,029/mo in rent and distributes $227/mo to the owner after the $584/mo payment, a consistent 9.51% yield. DSCR 1.76 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $35,889 in value; $1,196/yr in principal paydown compounds ownership stake. Total projected return: $63,932.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.0% |
| Monthly Cash Flow | $227 | $300 |
City averages based on Milford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,029 |
| Total Monthly Debt Service | $750 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
0.39 Acres 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
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
Single Family
Built in 1974
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay Robert Mayden • Kraft Real Estate Auctions LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531368
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.