1788 N Rapids CtGreenfieldIN46140
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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
Investment Highlights
Investment property for sale in Greenfield at 1788 N Rapids Ct, Greenfield, IN, 46140 earns $453/mo cash flow from $2,458/mo rent with a $1,635/mo payment. Total monthly income totals $2,458/mo, and annual cash flow totals $5,434/yr on $110,719 capital. ROI tracks 24.82% on current figures, and rental yield reads 8.83% at a $333,995 purchase. Equity gained on principal adds $2,155/yr, and 5% annual appreciation supports $92,277 over five years. Five-year ROI reaches 128.91% and total cumulative return in cash sums $142,733. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,458/mo property income instead of your personal income.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,762
Single Family
18,279
Multi-Family
483
Businesses
1,156
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Listed by: Alison McConnell • Ridgeline Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064561