221 Warren AveMontpelierIN47359
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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
Investment Highlights
Investment property for sale in Montpelier at 221 Warren Ave, Montpelier, IN, 47359 uses $46,079 cash to close to unlock $6,407/yr annual cash flow and $534/mo monthly cash flow. Total monthly income runs $1,368/mo, and a $680/mo payment keeps the spread at $534/mo. Purchase price stands at $139,000, and rental yield measures 11.81% with $1,368/mo rent. Return on cash invested shows 33.81% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 177.16% and total cumulative return in cash records $81,632. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,368/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.96 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,194
Multi-Family
0
Businesses
86
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Listed by: Kathy Casterline • Neff Sales & Development LLC
Mls Name: IRMLS
Mls ID: #202537379