10508 N Meridian RdMononIN47959
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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 Monon at 10508 N Meridian Rd, Monon, IN, 47959 earns $492/mo cash flow from $1,722/mo rent with a $1,003/mo payment. Total monthly income totals $1,722/mo, and annual cash flow totals $5,903/yr on $67,924 capital. ROI tracks 28.6% on current figures, and rental yield reads 10.08% at a $204,900 purchase. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 over five years. Five-year ROI reaches 149.19% and total cumulative return in cash sums $101,338. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,722/mo property income instead of your personal income.
Single Family
Built in 1979
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47959, Monon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 688 (59.0%) |
| Renter Occupied HU | 298 (25.5%) |
| Vacant Housing Units | 181 (15.5%) |
| Median Home Value | $143,883 |
| Average Home Value | $170,356 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
834
Multi-Family
0
Businesses
65
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