1550/1554 Timber Village DrGreenwoodIN46142
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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
Investment Highlights
Rental property for sale in Greenwood at 1550/1554 Timber Village Dr, Greenwood, IN, 46142 generates $1,974/mo in rent, after a $2,203/mo payment. Total monthly income is $1,974/mo. Return on cash invested sits at 14.05% in year one, and rental yield is 5.26% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 71.23% and total cumulative return in cash sums $106,254. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,974/mo property income rather than buyer’s personal income.
Multi Family
Built in 1992
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46142, Greenwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,586 (100%) |
| Owner Occupied HU | 9,473 (69.7%) |
| Renter Occupied HU | 3,549 (26.1%) |
| Vacant Housing Units | 564 ( 4.2%) |
| Median Home Value | $294,337 |
| Average Home Value | $318,882 |
Housing Distribution
Address Breakdown
Residential
13,088
Single Family
12,240
Multi-Family
848
Businesses
1,514
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