202 W Broadway St, Monon, IN, 47959 | $239/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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202 W Broadway St, Monon, IN, 47959 | $239/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 Monon at 202 W Broadway St, Monon, IN, 47959 offers a 9.26% rental yield on a $139,000 purchase with $1,073/mo rent. Total monthly income registers $1,073/mo, and a $680/mo payment leaves $239/mo available for distribution. Annual cash flow reaches $2,867/yr on $46,079 to close, and return on cash invested stands at 26.13% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 135.96% and total cumulative return in cash at $62,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,073/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 202 West Broadway, a charming and spacious home located right in the heart of Monon! This unique property blends small-town living with modern comfort and a touch of country charm perfect for families, hobbyists, or anyone looking for space to spread out. Step inside to find four comfortable bedrooms and two full bathrooms, offering plenty of room for everyone. The inviting living spaces feature warm natural light and a layout ideal for both entertaining and everyday living. The kitchen provides ample space for cooking and gathering, while the adjoining dining area creates a welcoming flow through the home. Outside, enjoy your very own backyard oasis complete with a hot tub and pool, ideal for summer relaxation and get-togethers. The large attached barn offers endless possibilities: workshop, storage, or even a creative studio space.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47959, Monon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,167 (100%)
Owner Occupied HU	688 (59.0%)
Renter Occupied HU	298 (25.5%)
Vacant Housing Units	181 (15.5%)
Median Home Value	$143,883
Average Home Value	$170,356