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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% |
Investment property for sale in Monticello at 3927 E Driftwood Loop, Monticello, IN, 47960 listed at $229,900 pairs $1,598/mo rent with a $1,125/mo payment to leave $218/mo cash flow. Total monthly income runs $1,598/mo, and annual cash flow reaches $2,618/yr on $76,212 cash to close. Return on cash invested measures 23.34% in year one, and rental yield registers 8.34% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 121.08% and total cumulative return in cash totals $92,279. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,598/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
0.28 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 |
|---|---|---|
| 2025-05-09 | Listed for sale | $229,900 |
| 1998-08-11 | Sold | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-10 | $1515.48 | 261.28% | $165,300 | 5.62% |
| 2023-05-10 | $419.48 | 80.13% | $156,500 | 7.19% |
| 2022-05-10 | $232.88 | 13.73% | $146,000 | 22.79% |
Listed by: Gregory Vogel II, Gri • VOGEL REAL ESTATE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516712
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.
