115 Baldwin St, Greenfield, IN, 46140 | $262/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

115 Baldwin St, Greenfield, IN, 46140 | $262/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
672 sft

618 S Temple Ave, Indianapolis, IN, 46203

Investment Property+ 2 more

3 Bed
1 Bath
1934 sft

1138 Harlan St, Indianapolis, IN, 46203

4 Bed
2 Bath
- sft

213 S Audubon Rd, Indianapolis, IN, 46219

4 Bed
2 Bath
- sft

1844 E Minnesota St, Indianapolis, IN, 46203

Nearby investment properties with comparable prices

2 Bed
1 Bath
720 sft

2808 S State Ave, Indianapolis, IN, 46203

2 Bed
1 Bath
920 sft

2049 Calhoun St, Indianapolis, IN, 46203

Currently Rented+ 1 more

3 Bed
2 Bath
- sft

5949 E Rawles Ave, Indianapolis, IN, 46219

3 Bed
2 Bath
1632 sft

1606 Lawton Ave, Indianapolis, IN, 46203

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Greenfield at 115 Baldwin St, Greenfield, IN, 46140 offers $1,139/mo rent that, after a $715/mo payment, leaves $262/mo cash flow. Total monthly income is $1,139/mo, and annual cash flow is $3,146/yr on $48,399 cash. Return on cash invested measures 26.41% in year one, and rental yield stands at 9.36% at a $146,000 entry. Equity gained on principal adds $942/yr while 5% annual appreciation compounds into $40,337 by year five. Five-year ROI records 137.55% and total cumulative return in cash reaches $66,574. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,139/mo property income versus a $715/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to your next adventure in homeownership! This charming 2-bedroom, 1-bathroom house offers an exciting renovation opportunity for the creative buyer ready to put their personal stamp on a property. With solid bones and character waiting to shine, this home could transform into your dream space. Step outside to discover generous outdoor space that beckons for your landscaping vision. The yard provides room for gardening enthusiasts, those who love entertaining, or families seeking space for children and pets to play. Location conveniences abound with Riley Park and Splash Pad just a short walk away, offering recreation and community activities for all ages. This property combines small-town charm with practical amenities, creating an ideal setting for buyers seeking value. The combination of renovation opportunity, functional outdoor space, and versatile basement makes this worth exploring for first-time buyers or anyone ready for a rewarding project.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46140, Greenfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,331 (100%)
Owner Occupied HU	13,943 (72.1%)
Renter Occupied HU	4,652 (24.1%)
Vacant Housing Units	736 ( 3.8%)
Median Home Value	$256,982
Average Home Value	$292,372