530 S Mesa DrMonticelloIN47960
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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 530 S Mesa Dr, Monticello, IN, 47960 with 5% annual appreciation on a $264,900 basis while $1,834/mo rent supports operations. Total monthly income totals $1,834/mo and a $1,297/mo payment preserves $243/mo for cash returns. Annual cash flow comes to $2,921/yr on $87,814 deployed, and return on cash invested reaches 23.24% in year one. Equity gained on principal adds $1,709/yr, and five-year appreciation sums $73,187 alongside rental yield of 8.31%. Five-year ROI measures 120.47% and total cumulative return in cash totals $105,788.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,834/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.25 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: Yehudit Romero • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515757
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.