








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Greencastle at 111 S Spring St APT G6, Greencastle, IN, 46135 offers a 8.38% rental yield on a $214,900 purchase with $1,500/mo rent. 39% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 96.28% and total cumulative return in cash at $68,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.
| 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 |
Residential
7,144
Single Family
6,852
Multi-Family
292
Businesses
650
Date | Event | Price |
|---|---|---|
| 2025-11-20 | Listed for sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Eric Wolfe • Prime Real Estate ERA Powered
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22071509
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-22 07:48:05 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)