719 N Monroe StRensselaerIN47978
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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
Rental property for sale in Rensselaer at 719 N Monroe St, Rensselaer, IN, 47978 priced at $224,900 pairs $1,565/mo rent with $215/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,565/mo, and annual cash flow comes to $2,577/yr on $74,554 invested. Return on cash invested is 23.37% in year one, and rental yield stands at 8.35% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 121.14% and total cumulative return in cash reaches $90,313. For financing, Ziffy Mortgage’s DSCR program evaluates $1,565/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: Noelle Weishaar • Jenkins, REALTORS, INC.
Mls Name: NIRA
Mls ID: #824237