6538 N Tutterow Rd, Monrovia, IN, 46157 | $357/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6538 N Tutterow Rd, Monrovia, IN, 46157 | $357/mo Cash Flow | Ziffy

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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

Investment property for sale in Monrovia at 6538 N Tutterow Rd, Monrovia, IN, 46157 uses $82,875 cash to close to unlock $4,283/yr annual cash flow and $357/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $1,224/mo payment keeps the spread at $357/mo. Purchase price stands at $250,000, and rental yield measures 8.92% with $1,858/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 130.3% and total cumulative return in cash records $107,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Manufactured

Built in 1989

0.69 Acres lot

$N/A/sqft

No HOA

More details about the property

Tall Trees furnish a screen of privacy, and soft cascades of light provide a timelessness where yesterday, today and tomorrow become one. Situated in the midst of this serenity is a 3 bedroom, 2 bath over 1800 sqft manufactured home on .69 acres. This newly remodeled home was built for comfort and entertaining. You'll love the HUGE formal living room w/built-in bookshelves, cozy wood-burning fireplace and vaulted ceiling, spacious kitchen w/new stainless appliances, tons of cabinetry and counter space, intimate breakfast room and chandeliered dining room, updated main bath and large master suite w/walk-in closet and 140 sqft en-suite bath featuring double sinks, sep shower and soaking tub. Plus-3-car detached garage w/sep workshop/storage area and new 200 AMP service. Poured concrete crawl has been fully encapsulated. BRAND new deck. New A/C and New gas line. This awesome home checks all of the boxes and is perfect for you!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46157, Monrovia, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,737 (100%)
Owner Occupied HU	1,464 (84.3%)
Renter Occupied HU	157 ( 9.0%)
Vacant Housing Units	116 ( 6.7%)
Median Home Value	$233,650
Average Home Value	$319,836