215 E Monroe St, Montpelier, IN, 47359 | $216/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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215 E Monroe St, Montpelier, IN, 47359 | $216/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 Montpelier at 215 E Monroe St, Montpelier, IN, 47359 listed at $120,000 pairs $936/mo rent with a $587/mo payment to leave $216/mo cash flow. Total monthly income runs $936/mo, and annual cash flow reaches $2,592/yr on $39,780 cash to close. Return on cash invested measures 26.42% in year one, and rental yield registers 9.36% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 137.54% and total cumulative return in cash totals $54,715. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $936/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

4,530 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming two story home with tons of character and original woodwork. Upon entering the foyer you will be immediately drawn to the original wood staircase. Hardwood floors throughout most of the main floor. Large living room, dining room, and spacious kitchen. Oak kitchen cabinets. Three spacious bedrooms on the second floor, with an additional full bath. Great storage and built ins throughout. Extra room on the main floor could be used as a den, office, or large laundry/mud room. Enjoy relaxing on the covered front porch. Close to Civic Center, green space, and downtown.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47359, Montpelier, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,259 (100%)
Owner Occupied HU	822 (65.3%)
Renter Occupied HU	262 (20.8%)
Vacant Housing Units	175 (13.9%)
Median Home Value	$129,487
Average Home Value	$187,089