406 Bahner DrMonroeIN46772
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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
Investment Highlights
Investment property for sale in Monroe at 406 Bahner Dr, Monroe, IN, 46772 offers a 14.4% rental yield on a $242,600 purchase with $2,912/mo rent. Total monthly income registers $2,912/mo, and a $1,187/mo payment leaves $1,339/mo available for distribution. Annual cash flow reaches $16,069/yr on $80,422 to close, and return on cash invested stands at 39.89% in year one. Equity gained on principal adds $1,565/yr while 5% annual appreciation supports $67,026 over five years. Portfolio math shows five-year ROI at 210.44% and total cumulative return in cash at $169,239. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,912/mo property income against a $1,187/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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