4485 E Lake Rd #42, Monticello, IN, 47960 | $540/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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4485 E Lake Rd #42, Monticello, IN, 47960 | $540/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Monticello at 4485 E Lake Rd #42, Monticello, IN, 47960 offers a 9.24% rental yield on a $318,200 purchase with $2,450/mo rent. Total monthly income registers $2,450/mo, and a $1,557/mo payment leaves $540/mo available for distribution. Annual cash flow reaches $6,484/yr on $105,483 to close, and return on cash invested stands at 26.06% in year one. Equity gained on principal adds $2,053/yr while 5% annual appreciation supports $87,913 over five years. Portfolio math shows five-year ROI at 135.58% and total cumulative return in cash at $143,018. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,450/mo property income against a $1,557/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1971

5.50 Acres lot

$N/A/sqft

No HOA

More details about the property

What an incredible move in ready country home that is sitting on 5.5 acres of land! There is a creek on the back of the property that can potentially be dug out for lake access. This beautiful home offers 4 bedrooms and 2 full baths and 2 garages! The kitchen has stainless steel GE appliances and electric hood range and pot filler above the stove. There is also a huge counter for your cooking and entertaining needs and is open concept to the living room. The 3 nice sized bedrooms with sliding barn doors on the closets are located on the main floor with the beautiful full bathroom. The basement is a finished basement with an area as soon as you get downstairs that can be a family room or play room or whatever your hearts desires! The master bedroom and master bath and laundry room are all in the finished basement as well and they all offer the sliding barn doors too. The seller is offering a $3500 carpet allowance to carpet the upstairs. You will not have to do any improvements for years to come! Come see this home today to see if it is your dream country home you have been waiting for!

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