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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% |
Investment property for sale in Monon at 3097 E Stahl Rd, Monon, IN, 47959 offers a 4.61% rental yield on a $349,900 purchase with $1,343/mo rent. 92% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 59.81% and total cumulative return in cash at $69,378. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,343/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
0.29 Acres lot
$N/A/sqft
$175 annually HOA
Neighborhood data shown for ZIP Code: 47959, Monon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 688 (59.0%) |
| Renter Occupied HU | 298 (25.5%) |
| Vacant Housing Units | 181 (15.5%) |
| Median Home Value | $143,883 |
| Average Home Value | $170,356 |
Residential
834
Single Family
834
Multi-Family
0
Businesses
65
Date | Event | Price |
|---|---|---|
| 2024-03-13 | Sold | $290,000 |
| 2024-03-05 | Pending sale | $304,900 |
| 2023-12-04 | Price change | $304,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-24 | $476.12 | -3.93% | $166,400 | 13.74% |
| 2023-07-24 | $495.60 | -6.30% | $146,300 | 10.25% |
| 2022-07-24 | $528.92 | 6.40% | $132,700 | 9.94% |
Listed by: Nathan Walts • REAL ESTATE NETWORK L.L.C
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528870
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.
