225 N Center St, Plainfield, IN, 46168 | $1,108/mo Cash Flow

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225 N Center St, Plainfield, IN, 46168 | $1,108/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Plainfield at 225 N Center St, Plainfield, IN, 46168 generates $2,908/mo in rent and, after a $1,468/mo payment, leaves $1,108/mo in cash flow. Total monthly income is $2,908/mo, and annual cash flow is $13,291/yr on $99,417 invested. Return on cash invested sits at 33.28% in year one, and rental yield is 11.64% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 174.3% and total cumulative return in cash sums $173,284. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,908/mo property income rather than buyer’s personal income.

Single Family

Built in 1884

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 225 N. Center Street. This property presents an extraordinary opportunity to own a piece of Plainfield's history, offering a blend of classic charm and modern living. There is so much original character in this home such as original hardwood floors, extra large pocket doors between living spaces, a stunning original wood staircase, 8 foot entry doors, and a beautiful built in dining hutch. There have been lots of updates and the home is move in ready. The location can't be beat in the quickly evolving downtown area of Plainfield. Walk to the new and trendy coffee shops, The Plainfield Performing Art Center, Franklin park, pickle ball courts, several restaurants, farmer's market, ice cream shop, trails and more! This home offers lots of space with 4 bedrooms and a possible 5th if needed in place of the office/sitting room along with great outdoor space with a fenced in backyard and large deck. There is also a built in dog door for pets!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46168, Plainfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,473 (100%)
Owner Occupied HU	10,797 (65.5%)
Renter Occupied HU	4,993 (30.3%)
Vacant Housing Units	683 ( 4.1%)
Median Home Value	$287,004
Average Home Value	$304,001