409 N Dorothy 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 409 N Dorothy St, Monon, IN, 47959 uses $84,533 cash to close to unlock $1,192/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $1,630/mo, and a $1,248/mo payment keeps the spread at $99/mo. Purchase price stands at $255,000, and rental yield measures 7.67% with $1,630/mo rent. Return on cash invested shows 21.32% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 110.18% and total cumulative return in cash records $93,140. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,630/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.30 Acres 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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Listed by: Joseph Moke • Weichert, Realtors - The Moke Agency
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519064
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.