117 Central AveMonroevilleIN46773
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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 Monroeville at 117 Central Ave, Monroeville, IN, 46773 with 5% annual appreciation on a $140,000 basis while $1,059/mo rent supports operations. Total monthly income totals $1,059/mo and a $685/mo payment preserves $219/mo for cash returns. Annual cash flow comes to $2,626/yr on $46,410 deployed, and return on cash invested reaches 25.57% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 9.08%. Five-year ROI measures 132.92% and total cumulative return in cash totals $61,690.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,059/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
0.30 Acres 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
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Listed by: Michelle Wyatt • Wyatt Group Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510135
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.