502 N Race 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
Rental property for sale in Monon at 502 N Race St, Monon, IN, 47959 generates $2,422/mo in rent and, after a $575/mo payment, leaves $1,717/mo in cash flow. Total monthly income is $2,422/mo, and annual cash flow is $20,601/yr on $38,951 invested. Return on cash invested sits at 72.8% in year one, and rental yield is 24.74% on a $117,500 entry. Equity gained on principal adds $758/yr, while 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 386.24% and total cumulative return in cash sums $150,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,422/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
7,200 sqft 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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