4319 E Penrod DrMonticelloIN47960
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 4319 E Penrod Dr, Monticello, IN, 47960 in Monticello worth study. Rental yield 3.54%. The 3.54% gross yield is below cash-flow benchmarks at $325,000, but 5% annual appreciation, adding $89,792 over five years, frames this as a capital growth position. Rent of $960/mo partially offsets the $1,461/mo payment. Ziffy Mortgage finances appreciation-play properties (0.66 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $59,238.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.5% | 6.0% |
| Monthly Cash Flow | $(991) | $300 |
City averages based on Monticello market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $960 |
| Total Monthly Debt Service | $1,822 |
| DSCR Ratio | 0.53x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,956 (50.5%) |
| Renter Occupied HU | 1,593 (16.2%) |
| Vacant Housing Units | 3,266 (33.3%) |
| Median Home Value | $204,797 |
| Average Home Value | $248,483 |
Housing Distribution
Address Breakdown
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
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
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,956 (50.5%) |
| Renter Occupied HU | 1,593 (16.2%) |
| Vacant Housing Units | 3,266 (33.3%) |
| Median Home Value | $204,797 |
| Average Home Value | $248,483 |
Housing Distribution
Address Breakdown
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Koppelmann, CRS, e-PRO, GRI, SRES • Koppelmann Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520812
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.