305 W Monroe StAlexandriaIN46001
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 305 W Monroe St, Alexandria, IN, 46001 in Alexandria worth study. Rental yield 4.81%. The 4.81% gross yield is below cash-flow benchmarks at $224,700, but 5% annual appreciation, adding $62,080 over five years, frames this as a capital growth position. Rent of $900/mo partially offsets the $1,010/mo payment. Ziffy Mortgage finances appreciation-play properties (0.89 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $56,158.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 8.5% |
| Monthly Cash Flow | $(449) | $300 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $900 |
| Total Monthly Debt Service | $1,259 |
| DSCR Ratio | 0.71x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1899
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,069 (100%) |
| Owner Occupied HU | 3,388 (66.8%) |
| Renter Occupied HU | 1,108 (21.9%) |
| Vacant Housing Units | 573 (11.3%) |
| Median Home Value | $178,912 |
| Average Home Value | $205,941 |
Housing Distribution
Address Breakdown
Residential
4,471
Single Family
4,461
Multi-Family
10
Businesses
216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1899
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,069 (100%) |
| Owner Occupied HU | 3,388 (66.8%) |
| Renter Occupied HU | 1,108 (21.9%) |
| Vacant Housing Units | 573 (11.3%) |
| Median Home Value | $178,912 |
| Average Home Value | $205,941 |
Housing Distribution
Address Breakdown
Residential
4,471
Single Family
4,461
Multi-Family
10
Businesses
216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hilary Casstevens • Epique Inc
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052068