6049 N 300 E,Monterey,IN,46960

Investment Highlights

Investment property for sale in Monterey at 6049 N 300 E, Monterey, IN, 46960 offers a 10.17% rental yield on a $165,000 purchase with $1,399/mo rent. Total monthly income registers $1,399/mo, and a $808/mo payment leaves $408/mo available for distribution. Annual cash flow reaches $4,897/yr on $54,698 to close, and return on cash invested stands at 28.86% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 150.7% and total cumulative return in cash at $82,427. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,399/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.