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
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
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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.