Under $500K Investment Properties for Sale in Greenwood, IN
512- 4 Bed
- 3 Bath
- 2256 sft
179- 3 Bed
- 2 Bath
- 1476 sft
185- 3 Bed
- 2 Bath
- 2172 sft
69- 1 Bed
- 2 Bath
- 1270 sft
Why Invest in Greenwood, Indiana?
Greenwood, Indiana offers exceptional value for investors seeking properties under $500K in a high-growth Indianapolis suburb. The market combines strong appreciation potential with solid rental yields, driven by proximity to major employers and top-rated schools. With median home values around $319K and projected appreciation of 8-10% through 2026, sub-$500K properties represent the best entry point before inventory tightens. The area attracts both owner-occupants and rental investors, supporting consistent tenant demand and cap rates of 6.5-7.5%.
Frequently Asked Questions
Rental yields for sub-$500K properties in Greenwood typically range from 5-6%, with cap rates between 6.5-7.5%. A $350K property renting for $1,650-$1,800 monthly would generate strong cash flow after expenses, making it attractive for buy-and-hold investors.
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