502 N Race StMononIN47959
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow502 N Race St, Monon, IN, 47959 in Monon earns its strong cash-flow label: 24.73% yield, $2,422/mo rent, $1,716/mo net income, DSCR 4.59. The $117,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $32,463 by year five. Combined with $1,082/yr in principal paydown, total projected return reaches $154,960.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.7% | 6.5% |
| Monthly Cash Flow | $1,716 | $250 |
City averages based on Monon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,422 |
| Total Monthly Debt Service | $659 |
| DSCR Ratio | 3.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices