1022 E Monroe StDelphiIN46923
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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 Delphi at 1022 E Monroe St, Delphi, IN, 46923 listed at $349,950 pairs $2,458/mo rent with a $1,713/mo payment to leave $357/mo cash flow. Total monthly income runs $2,458/mo, and annual cash flow reaches $4,286/yr on $116,008 cash to close. Return on cash invested measures 23.6% in year one, and rental yield registers 8.43% at a $349,950 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,685 by year five. Five-year ROI tracks 122.44% and total cumulative return in cash totals $142,042. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,458/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
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Listed by: Joan Abbott • Joan Abbott Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202441483
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.