505 S Bluff 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
Investment property for sale in Monticello at 505 S Bluff St, Monticello, IN, 47960 with 5% annual appreciation on a $200,000 basis while $1,828/mo rent supports operations. Total monthly income totals $1,828/mo and a $979/mo payment preserves $627/mo for cash returns. Annual cash flow comes to $7,528/yr on $66,300 deployed, and return on cash invested reaches 31.26% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 10.97%. Five-year ROI measures 163.54% and total cumulative return in cash totals $108,428.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,828/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
7,056 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: Stephanie McKinley • Raeco Realty
Mls Name: IRMLS
Mls ID: #202534582