313 N College AveGreencastleIN46135
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 Greencastle at 313 N College Ave, Greencastle, IN, 46135 at $168,000 posts ROI 26.67% with $314/mo cash flow from $1,322/mo rent. Total monthly income equals $1,322/mo, and annual cash flow records $3,766/yr on $55,692 to close. Return on cash invested measures 26.67% and rental yield reads 9.44% at the current $168,000. Equity gained on principal adds $1,084/yr, and 5% annual appreciation supports $46,415 by year five. Five-year ROI prints 138.86% and total cumulative return in cash totals $77,333.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,322/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,718 (100%) |
| Owner Occupied HU | 4,723 (61.2%) |
| Renter Occupied HU | 2,134 (27.6%) |
| Vacant Housing Units | 861 (11.2%) |
| Median Home Value | $218,134 |
| Average Home Value | $263,076 |
Housing Distribution
Address Breakdown
Residential
7,144
Single Family
6,852
Multi-Family
292
Businesses
650
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Nearby investment properties with comparable prices
Listed by: Tracy Bridges • Collins Evans Real Estate Co.,
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076443