1008 Pioneer LaneGreenvilleIN47124
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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 Greenville at 1008 Pioneer Lane, Greenville, IN, 47124 generates $2,228/mo in rent and, after a $1,517/mo payment, leaves $367/mo in cash flow. Total monthly income is $2,228/mo, and annual cash flow is $4,409/yr on $102,765 invested. Return on cash invested sits at 24.2% in year one, and rental yield is 8.62% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 125.63% and total cumulative return in cash sums $129,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,228/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47124, Greenville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,795 (100%) |
| Owner Occupied HU | 1,559 (86.9%) |
| Renter Occupied HU | 164 ( 9.1%) |
| Vacant Housing Units | 72 ( 4.0%) |
| Median Home Value | $323,150 |
| Average Home Value | $347,131 |
Housing Distribution
Address Breakdown
Residential
1,876
Single Family
1,876
Multi-Family
0
Businesses
60
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Listed by: Paul R Kiger II • Coldwell Banker McMahan
Mls Name: SIRA
Mls ID: #202605436