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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% |
Investment property for sale in Greencastle at 205 E Franklin St, Greencastle, IN, 46135 uses $58,013 cash to close to unlock $7,560/yr annual cash flow and $630/mo monthly cash flow. Total monthly income runs $1,681/mo, and a $857/mo payment keeps the spread at $630/mo. Purchase price stands at $175,000, and rental yield measures 11.53% with $1,681/mo rent. Return on cash invested shows 32.94% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 172.59% and total cumulative return in cash records $100,123. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,681/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,662 sqft 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 |
|---|---|---|
| 2025-08-08 | Listed for sale | $175,000 |
| 2021-06-07 | Sold | $125,000 |
| 2021-05-14 | Pending sale | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-11 | $972.16 | -3.85% | $127,200 | 16.27% |
| 2023-08-11 | $1011.04 | 224.55% | $109,400 | -1.00% |
| 2022-08-11 | $311.52 | -19.09% | $110,500 | 756.59% |
Listed by: Lorraine Fowler • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531480
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
