503 Manor CtMonticelloIN47960
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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 Monticello at 503 Manor Ct, Monticello, IN, 47960 listed at $197,500 pairs $1,539/mo rent with a $967/mo payment to leave $353/mo cash flow. Total monthly income runs $1,539/mo, and annual cash flow reaches $4,237/yr on $65,471 cash to close. Return on cash invested measures 26.38% in year one, and rental yield registers 9.35% at a $197,500 basis. Equity gained on principal adds $1,274/yr, and annual property appreciation at 5% supports $54,566 by year five. Five-year ROI tracks 137.38% and total cumulative return in cash totals $89,943. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,539/mo property income relative to a $967/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
4,312 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
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Listed by: Kathleen Bassett • Redlow Group
Mls Name: IRMLS
Mls ID: #202528264