404 W Huntington StMontpelierIN47359
INVESTMENT ANALYSIS
Investment Verdict
Solid Income404 W Huntington St, Montpelier, IN, 47359 in Montpelier is a solid income-producing rental, 8.78% gross yield, $1,609/mo rent, $289/mo net cash flow on a $220,000 buy. DSCR 1.63 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $60,782 and $2,026/yr in principal reduction project a total cumulative return of $101,858.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $289 | $200 |
City averages based on Montpelier market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,609 |
| Total Monthly Debt Service | $1,233 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47359, Montpelier, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 822 (65.3%) |
| Renter Occupied HU | 262 (20.8%) |
| Vacant Housing Units | 175 (13.9%) |
| Median Home Value | $129,487 |
| Average Home Value | $187,089 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,194
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1940
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47359, Montpelier, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 822 (65.3%) |
| Renter Occupied HU | 262 (20.8%) |
| Vacant Housing Units | 175 (13.9%) |
| Median Home Value | $129,487 |
| Average Home Value | $187,089 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,194
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rickie Sipe • Property House
Mls Name: IRMLS
Mls ID: #202527724