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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Monticello at 11080 N Landing Rd, Monticello, IN, 47960 uses $44,719 cash to close to unlock $3,174/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $1,074/mo, and a $660/mo payment keeps the spread at $264/mo. Purchase price stands at $134,900, and rental yield measures 9.55% with $1,074/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 140.7% and total cumulative return in cash records $62,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,074/mo property income covering a $660/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,956 (50.5%) |
| Renter Occupied HU | 1,593 (16.2%) |
| Vacant Housing Units | 3,266 (33.3%) |
| Median Home Value | $204,797 |
| Average Home Value | $248,483 |
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $134,900 |
| 1999-10-25 | Sold | $30,000 |
| 1996-03-01 | Sold | $32,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-07 | $641.90 | 6.64% | $77,700 | 19.54% |
| 2023-04-07 | $601.92 | 4.13% | $65,000 | 8.88% |
| 2022-04-07 | $578.02 | 19.51% | $59,700 | 9.74% |
Listed by: Garrett Criswell • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511383
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.
