340 N Addison DrGreenfieldIN46140
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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 Greenfield at 340 N Addison Dr, Greenfield, IN, 46140 priced at $389,070 pairs $2,458/mo rent with $123/mo cash flow after a $1,904/mo payment. Total monthly income equals $2,458/mo, and annual cash flow comes to $1,473/yr on $128,977 invested. Return on cash invested is 21.05% in year one, and rental yield stands at 7.58% on a $389,070 basis. Equity gained on principal adds $2,511/yr, and 5% annual appreciation accumulates to $107,493 by year five. Five-year ROI measures 108.72% and total cumulative return in cash reaches $140,224. For financing, Ziffy Mortgage’s DSCR program evaluates $2,458/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46140, Greenfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,331 (100%) |
| Owner Occupied HU | 13,943 (72.1%) |
| Renter Occupied HU | 4,652 (24.1%) |
| Vacant Housing Units | 736 ( 3.8%) |
| Median Home Value | $256,982 |
| Average Home Value | $292,372 |
Housing Distribution
Address Breakdown
Residential
18,762
Single Family
18,279
Multi-Family
483
Businesses
1,156
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Listed by: Erin Hundley • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078934