339 S Broadway StGreensburgIN47240
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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 Greensburg at 339 S Broadway St, Greensburg, IN, 47240 uses $49,692 cash to close to unlock $6,826/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $1,469/mo, and a $734/mo payment keeps the spread at $569/mo. Purchase price stands at $149,900, and rental yield measures 11.76% with $1,469/mo rent. Return on cash invested shows 33.65% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 176.28% and total cumulative return in cash records $87,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,469/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47240, Greensburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,772 (100%) |
| Owner Occupied HU | 6,364 (65.1%) |
| Renter Occupied HU | 2,547 (26.1%) |
| Vacant Housing Units | 861 ( 8.8%) |
| Median Home Value | $230,944 |
| Average Home Value | $267,973 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
9,063
Multi-Family
266
Businesses
793
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Listed by: Laurin Smith • Lincoln Realty, Inc.
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071243