1515 W Monroe St, Decatur, IN, 46733 | $124/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1515 W Monroe St, Decatur, IN, 46733 | $124/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 1515 W Monroe St, Decatur, IN, 46733 listed at $144,900 pairs $994/mo rent with a $709/mo payment to leave $124/mo cash flow. Total monthly income runs $994/mo, and annual cash flow reaches $1,493/yr on $48,034 cash to close. Return on cash invested measures 23.02% in year one, and rental yield registers 8.23% at a $144,900 basis. Equity gained on principal adds $935/yr, and annual property appreciation at 5% supports $40,033 by year five. Five-year ROI tracks 119.34% and total cumulative return in cash totals $57,325. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $994/mo property income relative to a $709/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1920

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this cozy and affordable house located on the west edge of Decatur. Enjoy relaxing on the front porch during the cool fall nights. Inside, the home features an open living and dining area, along with two bedrooms located on the east side. It also includes a new kitchen and an attached one-car garage. This home has undergone all the major updates: a new roof, furnace, siding, windows, a water softener, an electrical box, and a brand new kitchen equipped with all appliances, including a washer and dryer. Appliances included but not warranted.

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