630 E 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
Rental property for sale in Milan at 630 E Carr St, Milan, IN, 47031 generates $1,066/mo in rent and, after a $680/mo payment, leaves $232/mo in cash flow. Total monthly income is $1,066/mo, and annual cash flow is $2,783/yr on $46,079 invested. Return on cash invested sits at 25.95% in year one, and rental yield is 9.2% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 134.97% and total cumulative return in cash sums $62,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,066/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.95 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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