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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 Monroe at 138 E Washington St, Monroe, IN, 46772 priced at $150,000 converts $1,129/mo rent into $170/mo cash flow after a $734/mo obligation. Total monthly income equals $1,129/mo, and annual cash flow totals $2,045/yr on $49,725 invested. Return on cash invested prints 24.02% in year one, and rental yield reads 9.03% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 125.24% and total cumulative return in cash sums $62,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,129/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46772, Monroe, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 825 (87.6%) |
| Renter Occupied HU | 95 (10.1%) |
| Vacant Housing Units | 22 ( 2.3%) |
| Median Home Value | $290,144 |
| Average Home Value | $333,727 |
Residential
864
Single Family
864
Multi-Family
0
Businesses
68
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $1945.90 | -2.44% | $77,000 | 8.45% |
| 2023-06-01 | $1994.55 | 58.05% | $71,000 | 6.61% |
| 2022-06-01 | $1262.00 | 1.45% | $66,600 | 5.55% |
Listed by: Joni Donaghy-Myers • Coldwell Banker Holloway
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520202
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.
