801 Warn St, Milan, IN, 47031 | $953/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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801 Warn St, Milan, IN, 47031 | $953/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Milan at 801 Warn St, Milan, IN, 47031 offers $2,393/mo rent that, after a $1,174/mo payment, leaves $953/mo cash flow. Total monthly income is $2,393/mo, and annual cash flow is $11,437/yr on $79,527 cash. Return on cash invested measures 34.29% in year one, and rental yield stands at 11.97% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 179.77% and total cumulative return in cash reaches $142,963. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,393/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2021

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 801 Warn Street in Milan! Built in 2021, this 3-bedroom, 2.5-bath home sits on a roomy 0.36-acre lot and offers 1,550 sq ft of finished living space with a bright, open layout that's perfect for everyday living and entertaining. You'll love the modern feel, spacious kitchen, and comfortable flow throughout. And if you need extra space to work, store, or playthe 30' x 40' detached pole barn has you covered with electric and a solid concrete floor. Whether you're into cars, crafts, or just need room to spread out, it's ready for whatever you have in mind. Tucked in a quiet neighborhood in the heart of Milan, this home is move-in ready and waiting for you!

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