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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 Monticello at 2607 S Airport Rd, Monticello, IN, 47960 generates $2,352/mo in rent and, after a $489/mo payment, leaves $1,740/mo in cash flow. Total monthly income is $2,352/mo, and annual cash flow is $20,876/yr on $33,150 invested. Return on cash invested sits at 82.88% in year one, and rental yield is 28.22% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 440.52% and total cumulative return in cash sums $146,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,352/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,956 (50.5%) |
| Renter Occupied HU | 1,593 (16.2%) |
| Vacant Housing Units | 3,266 (33.3%) |
| Median Home Value | $204,797 |
| Average Home Value | $248,483 |
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
Date | Event | Price |
|---|---|---|
| 2025-07-27 | Listing removed | $2,000 |
| 2025-07-08 | Price change | $2,000 |
| 2025-07-07 | Listing removed | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-04 | N/A | N/A | N/A | N/A |
| 2023-11-04 | $980.26 | 33.42% | $195,000 | 6.73% |
| 2022-11-04 | $734.72 | 4.93% | $182,700 | 25.48% |
Listed by: Matthew Brown • Tom Hayes Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202343928
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.
