218 N Mill StGreentownIN46936
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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
Rental property for sale in Greentown at 218 N Mill St, Greentown, IN, 46936 priced at $139,000 converts $1,154/mo rent into $320/mo cash flow after a $680/mo obligation. Total monthly income equals $1,154/mo, and annual cash flow totals $3,839/yr on $46,079 invested. Return on cash invested prints 28.24% in year one, and rental yield reads 9.96% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 147.24% and total cumulative return in cash sums $67,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,154/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46936, Greentown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 2,035 (79.3%) |
| Renter Occupied HU | 343 (13.4%) |
| Vacant Housing Units | 187 ( 7.3%) |
| Median Home Value | $245,673 |
| Average Home Value | $260,048 |
Housing Distribution
Address Breakdown
Residential
2,357
Single Family
2,314
Multi-Family
43
Businesses
103
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