771 Mikal LnBrownsburgIN46112
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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 Brownsburg at 771 Mikal Ln, Brownsburg, IN, 46112 priced at $700,000 converts $4,807/mo rent into $605/mo cash flow after a $3,426/mo obligation. Total monthly income equals $4,807/mo, and annual cash flow totals $7,262/yr on $230,300 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 8.24% against a $700,000 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,397 by year five. Five-year ROI reaches 120.29% and total cumulative return in cash sums $277,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,807/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46112, Brownsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,870 (100%) |
| Owner Occupied HU | 13,977 (78.2%) |
| Renter Occupied HU | 3,408 (19.1%) |
| Vacant Housing Units | 485 ( 2.7%) |
| Median Home Value | $321,702 |
| Average Home Value | $356,401 |
Housing Distribution
Address Breakdown
Residential
16,923
Single Family
16,235
Multi-Family
688
Businesses
1,083
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Listed by: Jeanette Hammel • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077569