2776 Reflection Way, Greenwood, IN, 46142 | 6.37% Rental Yield

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2776 Reflection Way, Greenwood, IN, 46142 | 6.37% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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

Investment property for sale in Greenwood at 2776 Reflection Way, Greenwood, IN, 46142 offers a 6.37% rental yield on a $319,900 purchase with $1,699/mo rent. 4% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 89.18% and total cumulative return in cash at $94,568. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,699/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1999

1 Acres lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSE SUNDAY, OCTOBER 19TH 11:00 - 1:00. Welcome to this charming condo in the heart of Greenwood, just minutes from shopping, dining, and all the amenities the area has to offer, with even more on the way! Filled with natural light, the open-concept living and dining areas feature laminate wood floors, while the split floorplan provides privacy for the spacious primary suite. Two additional bedrooms, a functional kitchen with great storage, and tiled baths make everyday living easy. Relax in the sunroom with peaceful pond and clubhouse views, or entertain on the adorable fenced-in patio. With plenty of storage and a prime neighborhood location, this home combines comfort, convenience, and charm.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46142, Greenwood, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,586 (100%)
Owner Occupied HU	9,473 (69.7%)
Renter Occupied HU	3,549 (26.1%)
Vacant Housing Units	564 ( 4.2%)
Median Home Value	$294,337
Average Home Value	$318,882