7866 N State Road 39MonticelloIN47960
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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 Monticello at 7866 N State Road 39, Monticello, IN, 47960 uses $56,355 cash to close to unlock $14,275/yr annual cash flow and $1,190/mo monthly cash flow. Total monthly income runs $2,210/mo, and a $832/mo payment keeps the spread at $1,190/mo. Purchase price stands at $170,000, and rental yield measures 15.6% with $2,210/mo rent. Return on cash invested shows 45.24% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 238.44% and total cumulative return in cash records $134,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,210/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1946
1.29 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,541
Single Family
7,290
Multi-Family
251
Businesses
583
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Listed by: Paula Brooks • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433933
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.