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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 222 W Andrews St, Monroe, IN, 46772 uses $75,914 cash to close to unlock $2,462/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $1,580/mo, and a $1,121/mo payment keeps the spread at $205/mo. Purchase price stands at $229,000, and rental yield measures 8.28% with $1,580/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash records $91,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,580/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.36 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ronald W King • Heartland Auction & Realty,Inc
Mls Name: IRMLS
Mls ID: #202546792
