5137 N Vanlaningham RoadMilltownIN47145
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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 Milltown at 5137 N Vanlaningham Road, Milltown, IN, 47145 offers a 7.63% rental yield on a $175,000 purchase with $1,112/mo rent. Total monthly income registers $1,112/mo, and a $857/mo payment leaves $61/mo available for distribution. Annual cash flow reaches $732/yr on $58,013 to close, and return on cash invested stands at 21.17% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 109.46% and total cumulative return in cash at $63,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,112/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
4.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47145, Milltown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 916 (100%) |
| Owner Occupied HU | 670 (73.1%) |
| Renter Occupied HU | 113 (12.3%) |
| Vacant Housing Units | 133 (14.5%) |
| Median Home Value | $191,667 |
| Average Home Value | $232,172 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
850
Multi-Family
0
Businesses
28
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