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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Milan at 550 Shawnee Trl, Milan, IN, 47031 with 5% annual appreciation on a $340,000 basis while $2,446/mo rent supports operations. Total monthly income totals $2,446/mo and a $1,664/mo payment preserves $405/mo for cash returns. Annual cash flow comes to $4,862/yr on $112,710 deployed, and return on cash invested reaches 24.22% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 8.63%. Five-year ROI measures 125.77% and total cumulative return in cash totals $141,750.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,446/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47031, Milan, IN area.
| 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 |
Residential
1,831
Single Family
1,746
Multi-Family
85
Businesses
100
Date | Event | Price |
|---|---|---|
| 2025-04-19 | Listed for sale | $340,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $1711.04 | 4.35% | $171,900 | -1.32% |
| 2023-04-22 | $1639.76 | 24.06% | $174,200 | 2.53% |
| 2022-04-22 | $1321.80 | 12.23% | $169,900 | 12.82% |
Listed by: Olivia Welch • Woolum Real Estate
Mls Name: SEIBR
Mls ID: #204875
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
