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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% |
Rental property for sale in Plainfield at 1622 Franklin Dr, Plainfield, IN, 46168 priced at $241,000 converts $2,000/mo rent into $553/mo cash flow after a $1,180/mo obligation. Total monthly income equals $2,000/mo, and annual cash flow totals $6,635/yr on $79,892 invested. Return on cash invested prints 28.21% in year one, and rental yield reads 9.96% against a $241,000 entry. Equity gained on principal adds $1,555/yr, while 5% annual appreciation compiles into $66,584 by year five. Five-year ROI reaches 147.11% and total cumulative return in cash sums $117,532. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,000/mo property income covering a $1,180/mo payment, not borrower’s personal income.
Single Family
Built in 1955
9,147 sqft 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 |
|---|---|---|
| 2025-07-05 | Listing removed | N/A |
| 2025-06-18 | Pending sale | $248,900 |
| 2025-05-18 | Listed for sale | $248,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $637.32 | -7.18% | $134,600 | 4.99% |
| 2023-11-01 | $686.62 | 29.75% | $128,200 | 5.08% |
| 2022-11-01 | $529.20 | -16.19% | $122,000 | 12.65% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
