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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 Monon at 606 N Race St, Monon, IN, 47959 with 5% annual appreciation on a $185,000 basis while $1,180/mo rent supports operations. Total monthly income totals $1,180/mo and a $905/mo payment preserves $70/mo for cash returns. Annual cash flow comes to $840/yr on $61,328 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 7.65%. Five-year ROI measures 109.91% and total cumulative return in cash totals $67,407.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,180/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47959, Monon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 688 (59.0%) |
| Renter Occupied HU | 298 (25.5%) |
| Vacant Housing Units | 181 (15.5%) |
| Median Home Value | $143,883 |
| Average Home Value | $170,356 |
Residential
834
Single Family
834
Multi-Family
0
Businesses
65
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jamie Scherer • Cornerstone Real Estate Agency
Mls Name: IRMLS
Mls ID: #202547312
