3314 N 400 EMonticelloIN47960
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Monticello at 3314 N 400 E, Monticello, IN, 47960 uses $77,869 cash to close to unlock $4,340/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,772/mo, and a $1,150/mo payment keeps the spread at $362/mo. Purchase price stands at $234,900, and rental yield measures 9.05% with $1,772/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 132.5% and total cumulative return in cash records $103,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,772/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1952
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,956 (50.5%) |
| Renter Occupied HU | 1,593 (16.2%) |
| Vacant Housing Units | 3,266 (33.3%) |
| Median Home Value | $204,797 |
| Average Home Value | $248,483 |
Housing Distribution
Address Breakdown
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Cohen • Summerland Realty Group, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513961
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.