8113 N West Shafer DrMonticelloIN47960
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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 8113 N West Shafer Dr, Monticello, IN, 47960 offers a 8.15% rental yield on a $235,000 purchase with $1,597/mo rent. Total monthly income registers $1,597/mo, and a $1,150/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,238/yr on $77,903 to close, and return on cash invested stands at 22.78% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 118.05% and total cumulative return in cash at $91,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,597/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.85 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: Keri Arthurton • Harvest Realty Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061908