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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 Greencastle at 1747 E Tall Oaks Ln, Greencastle, IN, 46135 priced at $620,000 converts $1,500/mo rent into after a $3,035/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 6.99% in year one, and rental yield reads 2.9% against a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation compiles into $171,295 by year five. Five-year ROI reaches 33.26% and total cumulative return in cash sums $67,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $3,035/mo payment, not borrower’s personal income.
Single Family
Built in 1987
6.92 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 |
|---|---|---|
| 2025-09-16 | Listed for sale | $620,000 |
| 2025-09-01 | Listing removed | $620,000 |
| 2025-04-04 | Listed for sale | $620,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-17 | $333.68 | 21.73% | $18,400 | N/A |
| 2023-09-17 | $274.12 | -0.54% | $18,400 | N/A |
| 2022-09-17 | $275.60 | -1.23% | $18,400 | N/A |
Listed by: Tyler Cox • RE/MAX Cornerstone
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22030949
Disclaimer: Based on information submitted to the MLS GRID as of 2025-09-17 07:32:58 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
