1232 Lexington Trl, Greenfield, IN, 46140 | $389/mo Cash Flow

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1232 Lexington Trl, Greenfield, IN, 46140 | $389/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 Greenfield at 1232 Lexington Trl, Greenfield, IN, 46140 offers a 9.04% rental yield on a $254,900 purchase with $1,920/mo rent. Total monthly income registers $1,920/mo, and a $1,248/mo payment leaves $389/mo available for distribution. Annual cash flow reaches $4,674/yr on $84,499 to close, and return on cash invested stands at 25.44% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 132.29% and total cumulative return in cash at $111,780. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1999

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

There is a lot to love about this home. The extra long driveway provides more space for family and guest to park, it also backs up to the church parking lot so you don't have anyone directly behind you, and you have a lovely sun room and patio for more entertaining space. Great room and kitchen have raised ceilings, a pass thru from kitchen to dining room area of the GR. Breakfast room in kitchen too for the morning coffee and news. Primary bedroom has two walk in closets and a double sink. Roof approximately 2019. New water heater and gas meter 2025. Garage has extra storage units included, remote garage code entry, extra refrigerator, and water softener.

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