318 E Jackson StMonroeIN46772
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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 Monroe at 318 E Jackson St, Monroe, IN, 46772 priced at $171,000 pairs $1,529/mo rent with $502/mo cash flow after a $837/mo payment. Total monthly income equals $1,529/mo, and annual cash flow comes to $6,030/yr on $56,687 invested. Return on cash invested is 30.55% in year one, and rental yield stands at 10.73% on a $171,000 basis. Equity gained on principal adds $1,103/yr, and 5% annual appreciation accumulates to $47,244 by year five. Five-year ROI measures 159.7% and total cumulative return in cash reaches $90,527. For financing, Ziffy Mortgage’s DSCR program evaluates $1,529/mo property income against a $837/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46772, Monroe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 825 (87.6%) |
| Renter Occupied HU | 95 (10.1%) |
| Vacant Housing Units | 22 ( 2.3%) |
| Median Home Value | $290,144 |
| Average Home Value | $333,727 |
Housing Distribution
Address Breakdown
Residential
864
Single Family
864
Multi-Family
0
Businesses
68
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Listed by: Trevor Gray • Krueckeberg Auction And Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438067
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.