687 W Mill StMiddletownIN47356
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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 Middletown at 687 W Mill St, Middletown, IN, 47356 generates $1,092/mo in rent and, after a $685/mo payment, leaves $252/mo in cash flow. Total monthly income is $1,092/mo, and annual cash flow is $3,022/yr on $46,410 invested. Return on cash invested sits at 26.42% in year one, and rental yield is 9.36% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 137.53% and total cumulative return in cash sums $63,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,092/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Marty Dulworth • RE/MAX Real Estate Solutions
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078137