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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Monticello at 3824 E Bailey Rd, Monticello, IN, 47960 offers $2,070/mo rent that, after a $2,154/mo payment. Total monthly income is $2,070/mo. Return on cash invested measures 15.21% in year one, and rental yield stands at 5.65% at a $440,000 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,564 by year five. Five-year ROI records 77.38% and total cumulative return in cash reaches $112,870. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,070/mo property income versus a $2,154/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
| 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 |
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $440,000 |
| 2013-03-29 | Sold | $84,500 |
| 2012-10-22 | Listed for sale | $104,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $2621.92 | 10.78% | $281,200 | 6.11% |
| 2023-04-24 | $2366.68 | 6.42% | $265,000 | 20.29% |
| 2022-04-24 | $2223.96 | 4.30% | $220,300 | 9.66% |
Listed by: John Koppelmann, CRS, e-PRO, GRI, SRES • Koppelmann Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514006
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.
