








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


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
Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.
| 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 |
Residential
7,144
Single Family
6,852
Multi-Family
292
Businesses
650
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: Lisa Fischer • Fischer Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071083