53401 Monterey DrBristolIN46507
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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 Bristol at 53401 Monterey Dr, Bristol, IN, 46507 offers a 9.6% rental yield on a $535,000 purchase with $4,282/mo rent. Total monthly income registers $4,282/mo, and a $2,619/mo payment leaves $1,049/mo available for distribution. Annual cash flow reaches $12,591/yr on $176,015 to close, and return on cash invested stands at 27.21% in year one. Equity gained on principal adds $3,452/yr while 5% annual appreciation supports $147,811 over five years. Portfolio math shows five-year ROI at 141.81% and total cumulative return in cash at $249,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,282/mo property income against a $2,619/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.55 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46507, Bristol, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,793 (100%) |
| Owner Occupied HU | 2,971 (78.3%) |
| Renter Occupied HU | 553 (14.6%) |
| Vacant Housing Units | 269 ( 7.1%) |
| Median Home Value | $278,329 |
| Average Home Value | $303,471 |
Housing Distribution
Address Breakdown
Residential
3,736
Single Family
3,540
Multi-Family
196
Businesses
275
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Listed by: Patricia Graham • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202411910
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.