6506 E 250 N, Monticello, IN, 47960 | $370/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6506 E 250 N, Monticello, IN, 47960 | $370/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Monticello at 6506 E 250 N, Monticello, IN, 47960 generates $1,870/mo in rent and, after a $1,223/mo payment, leaves $370/mo in cash flow. Total monthly income is $1,870/mo, and annual cash flow is $4,440/yr on $82,842 invested. Return on cash invested sits at 25.27% in year one, and rental yield is 8.98% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 131.39% and total cumulative return in cash sums $108,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,870/mo property income rather than buyer’s personal income.

Single Family

Built in 1977

1.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Recently updated two bedroom, two bath ranch style home with an attached two car garage sitting on 1.5 acres. Almost 1,200 sq. ft. of roomy living space with an oversized living room, well appointed kitchen, dining area with sliding doors to the rear patio, and a utility room which houses the laundry and a full bathroom. Kitchen and laundry appliances available with acceptable offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47960, Monticello, IN area.

Housing Distribution

Housing Statistics

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