402 E Forest StMonroevilleIN46773
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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 Monroeville at 402 E Forest St, Monroeville, IN, 46773 uses $72,930 cash to close to unlock $8,078/yr annual cash flow and $673/mo monthly cash flow. Total monthly income runs $1,994/mo, and a $1,077/mo payment keeps the spread at $673/mo. Purchase price stands at $220,000, and rental yield measures 10.88% with $1,994/mo rent. Return on cash invested shows 30.99% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 162.06% and total cumulative return in cash records $118,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,994/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1975
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46773, Monroeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,494 (100%) |
| Owner Occupied HU | 1,185 (79.3%) |
| Renter Occupied HU | 236 (15.8%) |
| Vacant Housing Units | 73 ( 4.9%) |
| Median Home Value | $254,599 |
| Average Home Value | $274,384 |
Housing Distribution
Address Breakdown
Residential
1,261
Single Family
1,261
Multi-Family
0
Businesses
67
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Listed by: Michael Kirchberg • Uptown Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526806
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.