965 W State Road 124MonroeIN46772
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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 Monroe at 965 W State Road 124, Monroe, IN, 46772 earns $302/mo cash flow from $1,592/mo rent with a $1,052/mo payment. Total monthly income totals $1,592/mo, and annual cash flow totals $3,621/yr on $71,273 capital. ROI tracks 24.99% on current figures, and rental yield reads 8.89% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 129.85% and total cumulative return in cash sums $92,545. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,592/mo property income instead of your personal income.
Single Family
Built in 1949
2.44 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46772, Monroe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 825 (87.6%) |
| Renter Occupied HU | 95 (10.1%) |
| Vacant Housing Units | 22 ( 2.3%) |
| Median Home Value | $290,144 |
| Average Home Value | $333,727 |
Housing Distribution
Address Breakdown
Residential
864
Single Family
864
Multi-Family
0
Businesses
68
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Sold | $215,000 |
| 2024-11-25 | Pending sale | $215,000 |
| 2024-11-13 | Price change | $215,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $964.64 | -56.39% | $165,700 | 8.30% |
| 2023-11-01 | $2212.06 | 6.72% | $153,000 | 8.36% |
| 2022-11-01 | $2072.68 | 6.21% | $141,200 | 6.41% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1949
- Architectural Style: Ranch,Traditional
- Building Area: 1,975
- Living Area: 1,287 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: Carpet
- Interior Features: 1st Bdrm En Suite, Ceiling Fan(s), Kitchen Island
- Exterior Features: N/A
- Parking Features: Attached, Garage Door Opener, RV Access/Parking, Stone
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: Adams Central
- Middle School: Adams Central
- High School: Adams Central
Listed by: Ronald W King • Heartland Auction & Realty,Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202415079
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.