3884 E Forest Lodge Loop, Monticello, IN, 47960 | 6.69% Rental Yield

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3884 E Forest Lodge Loop, Monticello, IN, 47960 | 6.69% 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

Rental property for sale in Monticello at 3884 E Forest Lodge Loop, Monticello, IN, 47960 generates $2,174/mo in rent, after a $1,909/mo payment. Total monthly income is $2,174/mo. Return on cash invested sits at 18.36% in year one, and rental yield is 6.69% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 94.27% and total cumulative return in cash sums $121,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,174/mo property income rather than buyer’s personal income.

Single Family

Built in 1950

7,130 sqft lot

$N/A/sqft

No HOA

More details about the property

Take the Plunge into Lake Shafer with this charming 3 bedroom, 1 bathroom stone front beauty. Featuring over 1,200 sq ft of living space this home comes complete with tons of updates including but not limited to new roof, gutters, central air conditioning, water heater, water softener, all new windows throughout, custom made extra large patio doors, carpet and so much more! Outside you will enjoy spectacular views of the lake on the fantastic deck with underneath storage. Stairs lead down to the dock that is perfect for swimming off of or docking your toys. There is no wake where this home is located so no worries about feeling safe while swimming and boats zooming by. You will love this well established neighborhood with friendly neighbors with many who have lived in the area for over 20 plus years.

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