660 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
Investment property for sale in Coatesville at 660 Mill Spgs, Coatesville, IN, 46121 listed at $365,000 pairs $2,400/mo rent with a $1,786/mo payment to leave $209/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $2,514/yr on $120,998 cash to close. Return on cash invested measures 21.99% in year one, and rental yield registers 7.89% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 113.75% and total cumulative return in cash totals $137,635. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
0.34 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: Jordan Nelson • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22068257