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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% |
Rental property for sale in Monticello at 11102 N Landing Rd, Monticello, IN, 47960 generates $1,074/mo in rent and, after a $661/mo payment, leaves $148/mo in cash flow. Total monthly income is $1,074/mo, and annual cash flow is $1,780/yr on $44,753 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 9.55% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash sums $55,993. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
3,388 sqft lot
$N/A/sqft
$1,380 annually 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $135,000 |
| 2025-01-20 | Listing removed | $130,000 |
| 2024-08-30 | Price change | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $154.34 | 19.33% | $69,500 | 17.60% |
| 2023-03-13 | $129.34 | -76.36% | $59,100 | 7.65% |
| 2022-03-13 | $547.20 | 24.23% | $54,900 | 6.60% |
Listed by: Garrett Criswell • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507817
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.
