1556 E 400 S, Greenfield, IN, 46140 | $113/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1556 E 400 S, Greenfield, IN, 46140 | $113/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 1556 E 400 S, Greenfield, IN, 46140 offers a 7.63% rental yield on a $319,900 purchase with $2,034/mo rent. Total monthly income registers $2,034/mo, and a $1,566/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,361/yr on $106,047 to close, and return on cash invested stands at 21.19% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 109.5% and total cumulative return in cash at $116,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1926

1.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to peaceful country living at its finest! This charming 3-bedroom, 1.5-bath farmhouse is nestled on over an acre in scenic Hancock County and offers the perfect blend of space, character, and opportunity. From the moment you arrive, you'll love the inviting front porch and timeless appeal. Inside, the home features a spacious main level with large gathering areas, original details, and tons of natural light. A full basement offers additional living or storage space, and the oversized attic holds endless potential-whether you're dreaming of a home office, playroom, or private retreat. Outside, enjoy wide-open views, mature trees, and plenty of room for a garden, animals, or anything you can dream up! It's the ideal setting for those seeking a quieter pace and classic country lifestyle-yet still just a short drive to the heart of Greenfield. This is the kind of property that doesn't come around often-full of charm, potential, and the space to make it your own.

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