6147 E 800 NMontereyIN46960
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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 Monterey at 6147 E 800 N, Monterey, IN, 46960 offers a 9.38% rental yield on a $159,900 purchase with $1,250/mo rent. Total monthly income registers $1,250/mo, and a $783/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,477/yr on $53,007 to close, and return on cash invested stands at 26.47% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 137.79% and total cumulative return in cash at $73,038. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,250/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.40 Acres lot
$N/A/sqft
No HOA
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Listed by: John Wampler • RE/MAX 1ST CHOICE REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528680
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