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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Montpelier at 512 W Plate Glass St, Montpelier, IN, 47359 offers a 9.1% rental yield on a $110,000 purchase with $834/mo rent. Total monthly income registers $834/mo, and a $538/mo payment leaves $174/mo available for distribution. Annual cash flow reaches $2,089/yr on $36,465 to close, and return on cash invested stands at 25.64% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 133.44% and total cumulative return in cash at $48,660. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $834/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
10,802 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47359, Montpelier, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 822 (65.3%) |
| Renter Occupied HU | 262 (20.8%) |
| Vacant Housing Units | 175 (13.9%) |
| Median Home Value | $129,487 |
| Average Home Value | $187,089 |
Residential
1,194
Single Family
1,194
Multi-Family
0
Businesses
86
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $110,000 |
| 2023-04-25 | Sold | $85,000 |
| 2023-03-27 | Pending sale | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $551.42 | 29.20% | $74,700 | 6.26% |
| 2023-05-01 | $426.80 | 13.70% | $70,300 | 22.90% |
| 2022-05-01 | $375.36 | 1.82% | $57,200 | 13.94% |
What's Special
Storage
Listed by: Kathy Casterline • Neff Sales & Development LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515233
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
