205 E Franklin StGreencastleIN46135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 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
Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,144
Single Family
6,852
Multi-Family
292
Businesses
650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.