226 E Central AveGreensburgIN47240
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
Rental property for sale in Greensburg at 226 E Central Ave, Greensburg, IN, 47240 priced at $174,900 pairs $1,469/mo rent with $419/mo cash flow after a $856/mo payment. Total monthly income equals $1,469/mo, and annual cash flow comes to $5,030/yr on $57,979 invested. Return on cash invested is 28.58% in year one, and rental yield stands at 10.08% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 149.2% and total cumulative return in cash reaches $86,508. For financing, Ziffy Mortgage’s DSCR program evaluates $1,469/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47240, Greensburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,772 (100%) |
| Owner Occupied HU | 6,364 (65.1%) |
| Renter Occupied HU | 2,547 (26.1%) |
| Vacant Housing Units | 861 ( 8.8%) |
| Median Home Value | $230,944 |
| Average Home Value | $267,973 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
9,063
Multi-Family
266
Businesses
793
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Listed by: Anna Yazel • Maximum Results Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069066