3743 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
Investment property for sale in Monticello at 3743 N West Shafer Dr, Monticello, IN, 47960 earns from $2,273/mo rent with a $4,258/mo payment. Total monthly income totals $2,273/mo. ROI tracks 7.7% on current figures, and rental yield reads 3.14% at a $870,000 purchase. Equity gained on principal adds $5,614/yr, and 5% annual appreciation supports $240,365 over five years. Five-year ROI reaches 37.07% and total cumulative return in cash sums $106,093. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,273/mo property income instead of your personal income.
Single Family
Built in 2005
1.05 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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Listed by: Garrett Criswell • Raeco Realty
Mls Name: IRMLS
Mls ID: #202536849