320 Elmead Ct APT 2002, Greenwood, IN, 46142 | $182/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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320 Elmead Ct APT 2002, Greenwood, IN, 46142 | $182/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

This one has lots of updates. New carpet and pad. New vinyl plank flooring in the kitchen and bathroom. All new kitchen cabinets, counters, sink, disposal and dishwasher. The stove and refrigerator will stay. Bath has a new sink, faucet and countertop. A/C has been serviced. New dimmable hallway light. This one has a private carport area. There is a coin operated washer/dryer and a large mop sink in the basement that owners have access to. Also in the basement are individual lockers for each unit.

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