311 S Washington StMonroevilleIN46773
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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 Monroeville at 311 S Washington St, Monroeville, IN, 46773 priced at $181,000 pairs $1,607/mo rent with $520/mo cash flow after a $886/mo payment. Total monthly income equals $1,607/mo, and annual cash flow comes to $6,245/yr on $60,002 invested. Return on cash invested is 30.32% in year one, and rental yield stands at 10.65% on a $181,000 basis. Equity gained on principal adds $1,168/yr, and 5% annual appreciation accumulates to $50,007 by year five. Five-year ROI measures 158.45% and total cumulative return in cash reaches $95,071. For financing, Ziffy Mortgage’s DSCR program evaluates $1,607/mo property income against a $886/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.31 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46773, Monroeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,494 (100%) |
| Owner Occupied HU | 1,185 (79.3%) |
| Renter Occupied HU | 236 (15.8%) |
| Vacant Housing Units | 73 ( 4.9%) |
| Median Home Value | $254,599 |
| Average Home Value | $274,384 |
Housing Distribution
Address Breakdown
Residential
1,261
Single Family
1,261
Multi-Family
0
Businesses
67
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-16 | Sold | $181,000 |
| 2025-06-19 | Pending sale | $189,000 |
| 2025-06-07 | Listed for sale | $189,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $518.36 | 19.06% | $128,300 | 43.03% |
| 2023-10-17 | $435.36 | 28.58% | $89,700 | 9.66% |
| 2022-10-17 | $338.60 | 0.94% | $81,800 | 24.32% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1958
- Architectural Style: Ranch
- Building Area: 1,025
- Living Area: 1,025 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: 1st Bdrm En Suite
- Exterior Features: N/A
- Parking Features: Detached
Location
- City: Monroeville
- State: IN
- Subdivision: None
- Lot Size: 0.31 Acres
- Lot Features: Corner Lot
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: Heritage
- Middle School: Heritage
- High School: Heritage
Listed by: Destiny Gingerich • Coldwell Banker Real Estate Gr
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521614
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.