1136 Paradise Way N UNIT C, Greenwood, IN, 46143 | $544/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1136 Paradise Way N UNIT C, Greenwood, IN, 46143 | $544/mo Cash Flow | 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

Investment property for sale in Greenwood at 1136 Paradise Way N UNIT C, Greenwood, IN, 46143 uses $61,328 cash to close to unlock $6,528/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $1,654/mo, and a $905/mo payment keeps the spread at $544/mo. Purchase price stands at $185,000, and rental yield measures 10.73% with $1,654/mo rent. Return on cash invested shows 30.55% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 159.67% and total cumulative return in cash records $97,923. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,654/mo property income covering a $905/mo payment rather than investor’s personal income.

Condo

Built in 1986

1,306 sqft lot

$N/A/sqft

No HOA

More details about the property

Freshly painted and ready for it's new owner, this charming 2-bedroom, 1.5-bath condo combines comfort and convenience. The main level welcomes you with updated LVP flooring in a light-filled living room with soaring ceilings and a spacious dining area that flows naturally into the kitchen. A conveniently located half bath is tucked away and just beyond the kitchen you'll also find the laundry area and direct access to the attached one-car garage. Upstairs, the primary suite features a generous walk-in closet and private access to the full bath, while a second entrance from the hallway makes it easily accessible for the additional bedroom. Outdoor living is a breeze with a private deck and no rear neighbors - perfect for relaxing or entertaining. Nestled in a desirable community with easy access to I-65, this home keeps you close to endless options for dining, shopping and everyday conveniences. Offering a low-maintenance lifestyle with plenty of charm, this condo is the perfect place to call home!