848 E Edgewater CtMonticelloIN47960
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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 Monticello at 848 E Edgewater Ct, Monticello, IN, 47960 offers $2,148/mo rent that, after a $1,013/mo payment, leaves $906/mo cash flow. Total monthly income is $2,148/mo, and annual cash flow is $10,867/yr on $68,621 cash. Return on cash invested measures 35.75% in year one, and rental yield stands at 12.45% at a $207,000 entry. Equity gained on principal adds $1,336/yr while 5% annual appreciation compounds into $57,190 by year five. Five-year ROI records 187.55% and total cumulative return in cash reaches $128,698. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,148/mo property income versus a $1,013/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,840 sqft 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: Cathy C Russell • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517041
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.