12368 N Bridgeview Dr UNIT 6MonticelloIN47960
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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 Monticello at 12368 N Bridgeview Dr UNIT 6, Monticello, IN, 47960 uses $107,406 cash to close to unlock $131/yr annual cash flow and $11/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $1,586/mo payment keeps the spread at $11/mo. Purchase price stands at $324,000, and rental yield measures 7.24% with $1,956/mo rent. Return on cash invested shows 20.03% in year one, and 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 103.24% and total cumulative return in cash records $110,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,586/mo payment rather than investor’s personal income.
Condo
Built in 2006
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
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Listed by: Rachael M Ennis • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls ID: #202547947