302 S Main StMonticelloIN47960
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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
Rental property for sale in Monticello at 302 S Main St, Monticello, IN, 47960 priced at $280,000 converts $2,350/mo rent into $670/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,350/mo, and annual cash flow totals $8,036/yr on $92,820 invested. Return on cash invested prints 28.57% in year one, and rental yield reads 10.07% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 149.02% and total cumulative return in cash sums $138,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,350/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
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Listed by: Garrett Criswell • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436605
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.