2803 Greenwood AveTrail CreekIN46360
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
Investment property for sale in Trail Creek at 2803 Greenwood Ave, Trail Creek, IN, 46360 earns $407/mo cash flow from $1,907/mo rent with a $1,223/mo payment. Total monthly income totals $1,907/mo, and annual cash flow totals $4,884/yr on $82,842 capital. ROI tracks 25.8% on current figures, and rental yield reads 9.16% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 134.27% and total cumulative return in cash sums $111,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,907/mo property income instead of your personal income.
Single Family
Built in 1945
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nathanael Eddy • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202603134