17902 Lincoln Hwy E, Monroeville, IN, 46773 | 4.88% Rental Yield

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17902 Lincoln Hwy E, Monroeville, IN, 46773 | 4.88% Rental Yield | 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 Monroeville at 17902 Lincoln Hwy E, Monroeville, IN, 46773 offers a 4.88% rental yield on a $410,000 purchase with $1,667/mo rent. 9% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 64.99% and total cumulative return in cash at $88,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,667/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2002

2 Acres lot

$N/A/sqft

No HOA

More details about the property

This one-owner home, built in 2002, is located in desirable Eastern Allen County and offers open concept living with plenty of space inside and out. The main floor features a great room, kitchen with custom oak cabinetry, eat-at bar, and all appliances included. The kitchen flows into the dining area and family room, creating a functional and open layout. Also on the main level are three bedrooms and two full baths, including a primary suite with walk-in closet and private bath. The finished daylight basement offers a large rec space perfect for a family room, pool table, or entertaining, plus a full bath and a bonus room ideal for a home office or gym. Additional highlights include an oversized three-car garage with extensive built-in cabinetry, a large outbuilding, and a utility shedperfect for storage, hobbies, or workspace. ** Taxes are with no exemptions - projected taxes with Homestead Exemptions - $2,943.00

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