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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Greentown at 324 N Meridian St, Greentown, IN, 46936 uses $61,991 cash to close to unlock $5,301/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $1,564/mo, and a $915/mo payment keeps the spread at $442/mo. Purchase price stands at $187,000, and rental yield measures 10.04% with $1,564/mo rent. Return on cash invested shows 28.46% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 148.47% and total cumulative return in cash records $92,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,564/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 1935
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46936, Greentown, IN area.
| 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 |
Residential
2,357
Single Family
2,314
Multi-Family
43
Businesses
103
Date | Event | Price |
|---|---|---|
| 2025-08-25 | Sold | $187,000 |
| 2025-07-25 | Pending sale | $184,900 |
| 2025-07-22 | Listed for sale | $184,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $876.36 | -2.00% | $107,800 | 2.86% |
| 2023-10-24 | $894.24 | 17.33% | $104,800 | 7.05% |
| 2022-10-24 | $762.18 | 5.57% | $97,900 | 8.18% |
Listed by: Misty Davidson • The Wyman Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528571
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.
