6152 E State Road 4Mill CreekIN46365
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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 Mill Creek at 6152 E State Road 4, Mill Creek, IN, 46365 uses $122,655 cash to close to unlock $4,043/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $2,558/mo, and a $1,811/mo payment keeps the spread at $337/mo. Purchase price stands at $370,000, and rental yield measures 8.3% with $2,558/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 120.26% and total cumulative return in cash records $147,509. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,558/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1936
6.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46365, Mill Creek, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 349 (87.0%) |
| Renter Occupied HU | 44 (11.0%) |
| Vacant Housing Units | 8 ( 2.0%) |
| Median Home Value | $278,030 |
| Average Home Value | $454,993 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
403
Multi-Family
0
Businesses
4
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Listed by: Mary Beth Meyers • McColly Real Estate
Mls Name: NIRA
Mls ID: #831466