1611 E Range Line Rd, Greencastle, IN, 46135 | 5.81% Rental Yield

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Price: $300K - 500K

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1611 E Range Line Rd, Greencastle, IN, 46135 | 5.81% Rental Yield | 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

Rental property for sale in Greencastle at 1611 E Range Line Rd, Greencastle, IN, 46135 generates $1,500/mo in rent, after a $1,517/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 15.7% in year one, and rental yield is 5.81% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 80.03% and total cumulative return in cash sums $82,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.

Single Family

Built in 1972

1.21 Acres lot

$N/A/sqft

No HOA

More details about the property

Must see this spacious 2015 sq ft 4 bed/2 bath ranch style home with a generous sized yard of a little over an acre and an oversized 3 car detached garage. Property located on the NE side of Greencastle in Putnam County. Home not only has 4 bedrooms but also has a bonus room that could be used as an office space or craft/hobby room and a very large laundry room. Walk out the backdoor to a very large screened in patio area that connects to the detached garage. Seller has done several updates to the home which include new windows, new exterior doors, and a new HVAC system.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,718 (100%)
Owner Occupied HU	4,723 (61.2%)
Renter Occupied HU	2,134 (27.6%)
Vacant Housing Units	861 (11.2%)
Median Home Value	$218,134
Average Home Value	$263,076