112 Central AveMonroevilleIN46773
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 112 Central Ave, Monroeville, IN, 46773 in Monroeville hard to pass up. The 12.07% gross yield on a $199,900 purchase results in $2,011/mo in rent and $811/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.24). Annual cash flow of $9,735, five-year appreciation of $55,229, and $1,841/yr in equity build-up combine for a projected total cumulative return of $127,850.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.0% |
| Monthly Cash Flow | $811 | $1,200 |
City averages based on Monroeville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,011 |
| Total Monthly Debt Service | $1,120 |
| DSCR Ratio | 1.79x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46773, Monroeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,494 (100%) |
| Owner Occupied HU | 1,185 (79.3%) |
| Renter Occupied HU | 236 (15.8%) |
| Vacant Housing Units | 73 ( 4.9%) |
| Median Home Value | $254,599 |
| Average Home Value | $274,384 |
Housing Distribution
Address Breakdown
Residential
1,261
Single Family
1,261
Multi-Family
0
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1949
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46773, Monroeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,494 (100%) |
| Owner Occupied HU | 1,185 (79.3%) |
| Renter Occupied HU | 236 (15.8%) |
| Vacant Housing Units | 73 ( 4.9%) |
| Median Home Value | $254,599 |
| Average Home Value | $274,384 |
Housing Distribution
Address Breakdown
Residential
1,261
Single Family
1,261
Multi-Family
0
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joelle Ruefer • Encore Sotheby's International Realty
Mls Name: IRMLS
Mls ID: #202537776