116 W Forsythe StGreensburgIN47240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Greensburg at 116 W Forsythe St, Greensburg, IN, 47240 offers a 10.36% rental yield on a $159,900 purchase with $1,380/mo rent. Total monthly income registers $1,380/mo, and a $783/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,037/yr on $53,007 to close, and return on cash invested stands at 29.41% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 153.57% and total cumulative return in cash at $81,402. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,380/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47240, Greensburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,772 (100%) |
| Owner Occupied HU | 6,364 (65.1%) |
| Renter Occupied HU | 2,547 (26.1%) |
| Vacant Housing Units | 861 ( 8.8%) |
| Median Home Value | $230,944 |
| Average Home Value | $267,973 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
9,063
Multi-Family
266
Businesses
793
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Douglas Orr • RE/MAX Tower
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071354