1028 Houck Rd, Greencastle, IN, 46135 | 6.8% Rental Yield

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1028 Houck Rd, Greencastle, IN, 46135 | 6.8% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,500/mo, and a $1,297/mo payment. Purchase price stands at $264,900, and rental yield measures 6.8% with $1,500/mo rent. Return on cash invested shows 18.67% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 95.98% and total cumulative return in cash records $84,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,297/mo payment rather than investor’s personal income.

Single Family

Built in 1989

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Newly renovated throughout, this 3 bedroom 2 bath home is situated on a corner lot in a quiet neighborhood near schools and walking trails. The house features a bonus room that could serve as a mudroom, home office, gym, or a 4th bedroom. The energy-efficient HVAC system is brand-new from the ductwork to the furnace/heat pump. The kitchen has been tastefully updated with new cabinetry, new appliances, and gorgeous quartz countertops that compliment the tile backsplash. Off the kitchen is a functional laundry/utility room as well as an incredible butler's pantry that affords tons of storage space and a spot for a wine fridge. There is plenty of space for a dining table, and the kitchen countertop is designed for barstool seating for quick meals or doing homework. The bedrooms boast new carpet, freshly painted walls, and are conveniently across the hall from the updated bathroom with new fixtures. All the hard work has been done for you--you just have to move in and put your own touch on it!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,718 (100%)
Owner Occupied HU	4,723 (61.2%)
Renter Occupied HU	2,134 (27.6%)
Vacant Housing Units	861 (11.2%)
Median Home Value	$218,134
Average Home Value	$263,076