712 N Main StMilanIN47031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 712 N Main St, Milan, IN, 47031 priced at $309,900 pairs $1,936/mo rent with $76/mo cash flow after a $1,517/mo payment. Total monthly income equals $1,936/mo, and annual cash flow comes to $906/yr on $102,732 invested. Return on cash invested is 20.79% in year one, and rental yield stands at 7.5% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 107.35% and total cumulative return in cash reaches $110,280. For financing, Ziffy Mortgage’s DSCR program evaluates $1,936/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
1.61 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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