Harmony Plan, HomesteadMonroviaIN46157
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at Harmony Plan, Homestead, Monrovia, IN, 46157 in Monrovia. Priced at $274,900, it generates $2,377/mo in gross rent and $727/mo in net monthly cash flow, a 10.38% yield that comfortably supports the 1.92 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,724. Five-year appreciation: $75,950. Equity from principal paydown: $2,532/yr. Total projected cumulative return: $150,822.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $727 | $300 |
City averages based on Monrovia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,377 |
| Total Monthly Debt Service | $1,541 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46157, Monrovia, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,737 (100%) |
| Owner Occupied HU | 1,464 (84.3%) |
| Renter Occupied HU | 157 ( 9.0%) |
| Vacant Housing Units | 116 ( 6.7%) |
| Median Home Value | $233,650 |
| Average Home Value | $319,836 |
Housing Distribution
Address Breakdown
Residential
1,676
Single Family
1,676
Multi-Family
0
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46157, Monrovia, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,737 (100%) |
| Owner Occupied HU | 1,464 (84.3%) |
| Renter Occupied HU | 157 ( 9.0%) |
| Vacant Housing Units | 116 ( 6.7%) |
| Median Home Value | $233,650 |
| Average Home Value | $319,836 |
Housing Distribution
Address Breakdown
Residential
1,676
Single Family
1,676
Multi-Family
0
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
