310 E Main St

Monrovia, IN 46157
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3 bd, 2 ba | 2,516 sqft | Built in 1951

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List Price
$300,000

Initial Investment

$81,750

Purchase Price

$300,000

Down Payment

25%

Rent

$1,910

Total Return

$153,322

Annualized Return

23.3%

Cap Rate

5.4%

Gross Yield

7.6%

Cash Flow

-$1,111

Appreciation

9.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

18,339

HOA

None

Flood Risk

Not Required

Let There Be LIGHT!! Spacious sun-filled rooms, vaulted ceilings and magnificent windowed walls merge the indoor/outdoor areas of this exceptional 3BR2BA ranch on large .42 acre lot featuring rear deck and fenced backyard. You will love the welcoming covered front porch that ushers you into the formal living room w/gleaming hardwood floors, large 2nd/3rd bedrooms, hall with built-in shelving, HUGE family room w/a view for every season, CUSTOM kitchen w/double decker breakfast bar, all appliances, walls of cabinetry and granite counters, separate dining room for entertaining, big laundry and sumptuous master suite walking out the the deck and featuring vaulted ceiling, his/her closets and full bath w/double sinks and partial basement perfect for hobbies or rainy days that has recently been water-proofed. NOTHING compares to this home in this price range!!

See more in Analysis
Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$21,774

Expenses

-$3,876

Property Taxes

-$2,700

Loan Payments

-$16,310

Net Cash Flow

-$1,111

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Mark Coffey Jr.
Agent License RB16000389
Keller Williams Indy Metro S
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22027413
Last Updated: 03/17/2025 23:03
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