412 W Monroe StFortvilleIN46040
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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 Fortville at 412 W Monroe St, Fortville, IN, 46040 with 5% annual appreciation on a $396,785 basis while $2,760/mo rent supports operations. Total monthly income totals $2,760/mo and a $1,942/mo payment preserves $378/mo for cash returns. Annual cash flow comes to $4,539/yr on $131,534 deployed, and return on cash invested reaches 23.36% in year one. Equity gained on principal adds $2,560/yr, and five-year appreciation sums $109,624 alongside rental yield of 8.35%. Five-year ROI measures 121.13% and total cumulative return in cash totals $159,326.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,760/mo property income versus a $1,942/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46040, Fortville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,759 (100%) |
| Owner Occupied HU | 5,701 (84.3%) |
| Renter Occupied HU | 808 (12.0%) |
| Vacant Housing Units | 250 ( 3.7%) |
| Median Home Value | $441,068 |
| Average Home Value | $493,644 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,502
Multi-Family
51
Businesses
264
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