2971 N Buck Creek RdGreenfieldIN46140
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 2971 N Buck Creek Rd, Greenfield, IN, 46140 in Greenfield is capital appreciation. Rental yield 5.93%. The 5.93% gross yield at $497,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $137,450 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.10) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $154,258.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 5.1% |
| Monthly Cash Flow | $(529) | $320 |
City averages based on Greenfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,458 |
| Total Monthly Debt Service | $2,788 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46140, Greenfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,331 (100%) |
| Owner Occupied HU | 13,943 (72.1%) |
| Renter Occupied HU | 4,652 (24.1%) |
| Vacant Housing Units | 736 ( 3.8%) |
| Median Home Value | $256,982 |
| Average Home Value | $292,372 |
Housing Distribution
Address Breakdown
Residential
18,762
Single Family
18,279
Multi-Family
483
Businesses
1,156
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
Single Family
Built in 1988
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46140, Greenfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,331 (100%) |
| Owner Occupied HU | 13,943 (72.1%) |
| Renter Occupied HU | 4,652 (24.1%) |
| Vacant Housing Units | 736 ( 3.8%) |
| Median Home Value | $256,982 |
| Average Home Value | $292,372 |
Housing Distribution
Address Breakdown
Residential
18,762
Single Family
18,279
Multi-Family
483
Businesses
1,156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dana Wright • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073360