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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Plainfield at 1531 Section St, Plainfield, IN, 46168 offers a 11% rental yield on a $245,000 purchase with $2,245/mo rent. Total monthly income registers $2,245/mo, and a $1,199/mo payment leaves $774/mo available for distribution. Annual cash flow reaches $9,294/yr on $81,218 to close, and return on cash invested stands at 31.35% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 163.99% and total cumulative return in cash at $133,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,245/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46168, Plainfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 10,797 (65.5%) |
| Renter Occupied HU | 4,993 (30.3%) |
| Vacant Housing Units | 683 ( 4.1%) |
| Median Home Value | $287,004 |
| Average Home Value | $304,001 |
Residential
16,117
Single Family
14,534
Multi-Family
1,583
Businesses
1,370
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lindsay Jones • The Stewart Home Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065868
