511 E Bedford RdMononIN47959
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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 Monon at 511 E Bedford Rd, Monon, IN, 47959 priced at $175,000 pairs $1,580/mo rent with $529/mo cash flow after a $857/mo payment. Total monthly income equals $1,580/mo, and annual cash flow comes to $6,348/yr on $58,013 invested. Return on cash invested is 30.85% in year one, and rental yield stands at 10.83% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 161.38% and total cumulative return in cash reaches $93,619. For financing, Ziffy Mortgage’s DSCR program evaluates $1,580/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1939
0.39 Acres 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
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Listed by: Rachael Conn • Martino Realty & Auctioneers - Monticello
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529427
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