315 E Payton StGreentownIN46936
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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 Greentown at 315 E Payton St, Greentown, IN, 46936 priced at $189,000 converts $1,486/mo rent into $352/mo cash flow after a $925/mo obligation. Total monthly income equals $1,486/mo, and annual cash flow totals $4,218/yr on $62,654 invested. Return on cash invested prints 26.64% in year one, and rental yield reads 9.43% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 138.74% and total cumulative return in cash sums $86,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,486/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46936, Greentown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 2,035 (79.3%) |
| Renter Occupied HU | 343 (13.4%) |
| Vacant Housing Units | 187 ( 7.3%) |
| Median Home Value | $245,673 |
| Average Home Value | $260,048 |
Housing Distribution
Address Breakdown
Residential
2,357
Single Family
2,314
Multi-Family
43
Businesses
103
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Listed by: Marcia Ellis • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519568
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.