506 S Park DrMonticelloIN47960
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
Investment Highlights
Investment property for sale in Monticello at 506 S Park Dr, Monticello, IN, 47960 at $260,000 posts ROI 26.92% with $504/mo cash flow from $2,065/mo rent. Total monthly income equals $2,065/mo, and annual cash flow records $6,046/yr on $86,190 to close. Return on cash invested measures 26.92% and rental yield reads 9.53% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 140.22% and total cumulative return in cash totals $120,857.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,065/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1982
0.44 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: Garrett Criswell • Raeco Realty
Mls Name: IRMLS
Mls ID: #202537057