3957 N Lake Rd #25MonticelloIN47960
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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 3957 N Lake Rd #25, Monticello, IN, 47960 uses $47,537 cash to close to unlock $18,337/yr annual cash flow and $1,528/mo monthly cash flow. Total monthly income runs $2,389/mo, and a $702/mo payment keeps the spread at $1,528/mo. Purchase price stands at $143,400, and rental yield measures 19.99% with $2,389/mo rent. Return on cash invested shows 58.48% in year one, and 5% annual appreciation builds toward $39,619 over five years. Five-year ROI reaches 309.56% and total cumulative return in cash records $147,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,389/mo property income covering a $702/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4,005 sqft 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: N/A • N/A
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