219 E Grant StGreentownIN46936
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 219 E Grant St, Greentown, IN, 46936 in Greentown: $1,105/mo in rent, $355/mo in net income, 10.62% gross yield, 1.97 DSCR, all at $124,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $34,508 in appreciation and $1,150/yr in principal paydown projects total cumulative return of $70,126.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.0% |
| Monthly Cash Flow | $355 | $1,500 |
City averages based on Greentown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,105 |
| Total Monthly Debt Service | $700 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
7,840 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
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
Single Family
Built in 1920
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices