504 E Ohio StMonticelloIN47960
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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 Monticello at 504 E Ohio St, Monticello, IN, 47960 priced at $593,200 pairs $2,802/mo rent with after a $2,903/mo payment. Total monthly income equals $2,802/mo. Return on cash invested is 12.91% in year one, and rental yield stands at 5.67% on a $593,200 basis. Equity gained on principal adds $3,828/yr, and 5% annual appreciation accumulates to $163,890 by year five. Five-year ROI measures 65.95% and total cumulative return in cash reaches $128,713. For financing, Ziffy Mortgage’s DSCR program evaluates $2,802/mo property income against a $2,903/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.69 Acres 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: N/A • N/A
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