28 SW Santee DrGreensburgIN47240
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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 Greensburg at 28 SW Santee Dr, Greensburg, IN, 47240 offers $1,942/mo rent that, after a $1,605/mo payment. Total monthly income is $1,942/mo. Return on cash invested measures 18.76% in year one, and rental yield stands at 7.1% at a $328,000 entry. Equity gained on principal adds $2,117/yr while 5% annual appreciation compounds into $90,620 by year five. Five-year ROI records 96.73% and total cumulative return in cash reaches $105,175. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,942/mo property income versus a $1,605/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
0.32 Acres lot
$N/A/sqft
$930 annually 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: Ronda Peetz • Tree City Properties, Inc.
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21994646
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-31 22:42:59 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)