2057 S Cres #900-WGreencastleIN46135
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 2057 S Cres #900-W, Greencastle, IN, 46135 earns $809/mo cash flow from $2,310/mo rent with a $1,224/mo payment. Total monthly income totals $2,310/mo, and annual cash flow totals $9,707/yr on $82,875 capital. ROI tracks 31.62% on current figures, and rental yield reads 11.09% at a $249,999 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 165.41% and total cumulative return in cash sums $137,086. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,310/mo property income instead of your personal income.
Single Family
Built in 1968
2 Acres 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: BECKI GROSS • GREENE REALTY LLC
Mls Name: THAAR
Mls ID: #108458