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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% |
Rental property for sale in Monticello at 5767 E Cedar Point Ct, Monticello, IN, 47960 generates $2,276/mo in rent and, after a $1,688/mo payment, leaves $206/mo in cash flow. Total monthly income is $2,276/mo, and annual cash flow is $2,469/yr on $114,334 invested. Return on cash invested sits at 22.07% in year one, and rental yield is 7.92% on a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 114.18% and total cumulative return in cash sums $130,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,276/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.
| 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 |
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Listed for sale | $344,900 |
| 2021-07-09 | Sold | $240,000 |
| 2021-05-28 | Pending sale | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-27 | $897.96 | 15.85% | $177,300 | -1.45% |
| 2023-07-27 | $775.12 | 61.00% | $179,900 | 17.58% |
| 2022-07-27 | $481.44 | -1.59% | $153,000 | 15.38% |
Listed by: Bart Hickman • REAL ESTATE NETWORK L.L.C
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529126
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.
