7613 S State Road 1MiltonIN47357
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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 Milton at 7613 S State Road 1, Milton, IN, 47357 uses $69,582 cash to close to unlock $3,580/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $1,558/mo, and a $1,027/mo payment keeps the spread at $298/mo. Purchase price stands at $209,900, and rental yield measures 8.91% with $1,558/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 130.24% and total cumulative return in cash records $90,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1967
2.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47357, Milton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 496 (100%) |
| Owner Occupied HU | 347 (70.0%) |
| Renter Occupied HU | 69 (13.9%) |
| Vacant Housing Units | 80 (16.1%) |
| Median Home Value | $197,379 |
| Average Home Value | $247,205 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
310
Multi-Family
0
Businesses
12
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