3362 N West Shafer DrMonticelloIN47960
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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 Monticello at 3362 N West Shafer Dr, Monticello, IN, 47960 generates $2,251/mo in rent and, after a $1,164/mo payment, leaves $823/mo in cash flow. Total monthly income is $2,251/mo, and annual cash flow is $9,880/yr on $78,864 invested. Return on cash invested sits at 32.44% in year one, and rental yield is 11.35% on a $237,900 entry. Equity gained on principal adds $1,535/yr, while 5% annual appreciation builds toward $65,727 over five years. Five-year ROI reaches 169.82% and total cumulative return in cash sums $133,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,251/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.69 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
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