406 Bahner DrMonroeIN46772
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow406 Bahner Dr, Monroe, IN, 46772 in Monroe earns its strong cash-flow label: 14.41% yield, $2,912/mo rent, $1,339/mo net income, DSCR 2.67. The $242,600 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $67,026 by year five. Combined with $2,234/yr in principal paydown, total projected return reaches $178,496.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 7.0% |
| Monthly Cash Flow | $1,339 | $300 |
City averages based on Monroe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,912 |
| Total Monthly Debt Service | $1,477 |
| DSCR Ratio | 1.97x |
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.
Condo
Built in 2023
8,712 sqft lot
$N/A/sqft
$117 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46772, Monroe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 825 (87.6%) |
| Renter Occupied HU | 95 (10.1%) |
| Vacant Housing Units | 22 ( 2.3%) |
| Median Home Value | $290,144 |
| Average Home Value | $333,727 |
Housing Distribution
Address Breakdown
Residential
864
Single Family
864
Multi-Family
0
Businesses
68
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
Condo
Built in 2023
8,712 sqft lot
$N/A/sqft
$117 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46772, Monroe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 825 (87.6%) |
| Renter Occupied HU | 95 (10.1%) |
| Vacant Housing Units | 22 ( 2.3%) |
| Median Home Value | $290,144 |
| Average Home Value | $333,727 |
Housing Distribution
Address Breakdown
Residential
864
Single Family
864
Multi-Family
0
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices