3425 E Us Highway 24, Monticello, IN, 47960 | 5.43% Rental Yield

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3425 E Us Highway 24, Monticello, IN, 47960 | 5.43% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Monticello at 3425 E Us Highway 24, Monticello, IN, 47960 earns from $2,149/mo rent with a $2,324/mo payment. Total monthly income totals $2,149/mo. ROI tracks 14.56% on current figures, and rental yield reads 5.43% at a $474,900 purchase. Equity gained on principal adds $3,064/yr, and 5% annual appreciation supports $131,206 over five years. Five-year ROI reaches 73.93% and total cumulative return in cash sums $116,387. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,149/mo property income instead of your personal income.

Manufactured

Built in 2003

17.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Private 17-Acre Retreat with Pond, Gardens, and Updated Home in Monticello Discover peace and privacy on this stunning 17-acre property just minutes from Lakes Shafer and Freeman, Indiana Beach, and all the amenities of Monticello. This charming 3-bedroom, 2-bathroom home offers comfort and thoughtful updates, including a new steel roof, all new windows (2025), and an updated furnace, A/C, and water heater (2017). The land is a nature lover's dream with mature black walnut, maple, and oak trees, a picturesque pond, vibrant flower gardens, and a large fenced vegetable garden. Enjoy fresh fruit from peach, apple, and pear trees, as well as grapes, blackberries, and more. A 600-foot driveway leads to a heated 30x40 pole barn, multiple sheds, outbuildings, and even a root cellar for year-round storage. Wildlife aboundsdeer, birds, turtles, and frogscreating a serene, storybook setting. This unique property offers the perfect blend of rural tranquility and nearby recreation at Indiana Beach as well as Lake Shafer and Lake Freeman!

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