305 W Monroe StAlexandriaIN46001
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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 Alexandria at 305 W Monroe St, Alexandria, IN, 46001 offers $900/mo rent that, after a $1,100/mo payment. Total monthly income is $900/mo. Return on cash invested measures 12.67% in year one, and rental yield stands at 4.81% at a $224,700 entry. Equity gained on principal adds $1,450/yr while 5% annual appreciation compounds into $62,080 by year five. Five-year ROI records 63.79% and total cumulative return in cash reaches $47,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $1,100/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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Listed by: Hilary Casstevens • Epique Inc
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052068