320 Elmead Ct APT 2002GreenwoodIN46142
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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
Investment property for sale in Greenwood at 320 Elmead Ct APT 2002, Greenwood, IN, 46142 uses $36,465 cash to close to unlock $2,185/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $842/mo, and a $538/mo payment keeps the spread at $182/mo. Purchase price stands at $110,000, and rental yield measures 9.19% with $842/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 134.86% and total cumulative return in cash records $49,176. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $842/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1968
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46142, Greenwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,586 (100%) |
| Owner Occupied HU | 9,473 (69.7%) |
| Renter Occupied HU | 3,549 (26.1%) |
| Vacant Housing Units | 564 ( 4.2%) |
| Median Home Value | $294,337 |
| Average Home Value | $318,882 |
Housing Distribution
Address Breakdown
Residential
13,088
Single Family
12,240
Multi-Family
848
Businesses
1,514
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