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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% |
Rental property for sale in Monroe at 237 W Washington St, Monroe, IN, 46772 priced at $230,000 pairs $1,606/mo rent with $225/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,606/mo, and annual cash flow comes to $2,701/yr on $76,245 invested. Return on cash invested is 23.45% in year one, and rental yield stands at 8.38% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 121.65% and total cumulative return in cash reaches $92,755. For financing, Ziffy Mortgage’s DSCR program evaluates $1,606/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
0.34 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 |
|---|---|---|
| 2024-10-18 | Sold | $230,000 |
| 2024-07-11 | Price change | $230,000 |
| 2024-06-07 | Price change | $232,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $889.20 | 18.21% | $123,600 | 5.28% |
| 2023-11-01 | $752.24 | 2.25% | $117,400 | 5.10% |
| 2022-11-01 | $735.68 | 23.92% | $111,700 | 5.18% |
Listed by: Ronald W King • Heartland Auction & Realty,Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202418615
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.
