629 W Carr StMilanIN47031
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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 Milan at 629 W Carr St, Milan, IN, 47031 earns $140/mo cash flow from $1,160/mo rent with a $832/mo payment. Total monthly income totals $1,160/mo, and annual cash flow totals $1,676/yr on $56,322 capital. ROI tracks 22.89% on current figures, and rental yield reads 8.19% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 118.59% and total cumulative return in cash sums $66,794. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,160/mo property income instead of your personal income.
Single Family
Built in 1995
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47031, Milan, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,831
Single Family
1,746
Multi-Family
85
Businesses
100
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