1224 E Monroe St, Decatur, IN, 46733 | $133/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1224 E Monroe St, Decatur, IN, 46733 | $133/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Decatur at 1224 E Monroe St, Decatur, IN, 46733 offers a 7.62% rental yield on a $379,900 purchase with $2,413/mo rent. Total monthly income registers $2,413/mo, and a $1,859/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,595/yr on $125,937 to close, and return on cash invested stands at 21.18% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 109.37% and total cumulative return in cash at $137,741. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,413/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2021

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

*Open House Sunday, October 26, 2 - 4 pm* Welcome to this stunning custom-built home by local builder HDH Enterprises, located in the desirable Lakeshores subdivision. Built in 2021 with attention to detail and quality craftsmanship throughout, this 3-bedroom, 2-bath residence offers modern living with timeless appeal. From the moment you arrive, youll notice the quality finishes that set this home apartincluding Anderson 400 series windows, designed for lasting durability and energy efficiency. Inside, the open-concept floor plan is enhanced by a soaring cathedral ceiling, creating a spacious and airy atmosphere in the main living area. The well-designed kitchen and adjacent dining space flow seamlessly into the living room, making it perfect for entertaining or quiet evenings at home. The primary suite features a dual vanity and a walk-in closet, offering a private and functional retreat. Step outside to your covered back patio, where you can relax and enjoy peaceful views of the glistening waterideal for morning coffee or evening unwinding. Whether you're inside or out, this home offers comfort, elegance, and thoughtful design. Located just minutes from local amenities, schools, and parks, this home combines the charm of small-town living with modern convenience. Dont miss your chance to own this beautiful, move-in-ready home in one of Decaturs most sought-after neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,091 (100%)
Owner Occupied HU	5,906 (73.0%)
Renter Occupied HU	1,700 (21.0%)
Vacant Housing Units	485 ( 6.0%)
Median Home Value	$216,630
Average Home Value	$273,796