400 E 3rd StMononIN47959
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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 Monon at 400 E 3rd St, Monon, IN, 47959 uses $54,698 cash to close to unlock $3,853/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $1,312/mo, and a $808/mo payment keeps the spread at $321/mo. Purchase price stands at $165,000, and rental yield measures 9.54% with $1,312/mo rent. Return on cash invested shows 26.95% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 140.47% and total cumulative return in cash records $76,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,312/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1990
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47959, Monon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 688 (59.0%) |
| Renter Occupied HU | 298 (25.5%) |
| Vacant Housing Units | 181 (15.5%) |
| Median Home Value | $143,883 |
| Average Home Value | $170,356 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
834
Multi-Family
0
Businesses
65
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