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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% |
Investment property for sale in Monroe at 2060 S Salem Rd, Monroe, IN, 46772 offers a 8.12% rental yield on a $249,900 purchase with $1,690/mo rent. Total monthly income registers $1,690/mo, and a $1,223/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,280/yr on $82,842 to close, and return on cash invested stands at 22.66% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 117.41% and total cumulative return in cash at $97,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,690/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1850
0.52 Acres 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 |
|---|---|---|
| 2025-04-26 | Listed for sale | $249,900 |
| 2024-10-09 | Sold | $79,500 |
| 2015-09-28 | Listing removed | $69,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $921.02 | -16.67% | $126,000 | 8.71% |
| 2023-04-29 | $1105.25 | 114.56% | $115,900 | 8.72% |
| 2022-04-29 | $515.12 | 11.21% | $106,600 | 6.60% |
Listed by: Sheryl Inskeep • Harner Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514750
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.
