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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 Monterey at 6308 E Washington St, Monterey, IN, 46960 offers a 12.35% rental yield on a $119,900 purchase with $1,234/mo rent. Total monthly income registers $1,234/mo, and a $587/mo payment leaves $514/mo available for distribution. Annual cash flow reaches $6,169/yr on $39,747 to close, and return on cash invested stands at 35.43% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 185.95% and total cumulative return in cash at $73,908. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,234/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,712 sqft lot
$N/A/sqft
No HOA
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: Catherine Kasl • Century 21 Circle
Mls Name: IRMLS
Mls ID: #202537114
