612 Mill SpgsCoatesvilleIN46121
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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
Rental property for sale in Coatesville at 612 Mill Spgs, Coatesville, IN, 46121 generates $2,250/mo in rent and, after a $1,664/mo payment, leaves $209/mo in cash flow. Total monthly income is $2,250/mo, and annual cash flow is $2,511/yr on $112,677 invested. Return on cash invested sits at 22.14% in year one, and rental yield is 7.94% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 114.58% and total cumulative return in cash sums $129,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,250/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46121, Coatesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,575 (100%) |
| Owner Occupied HU | 2,049 (79.6%) |
| Renter Occupied HU | 225 ( 8.7%) |
| Vacant Housing Units | 301 (11.7%) |
| Median Home Value | $278,704 |
| Average Home Value | $333,669 |
Housing Distribution
Address Breakdown
Residential
2,236
Single Family
2,236
Multi-Family
0
Businesses
54
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Listed by: Amber Greene • Greene Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061118