348 SW Shoshone TrlGreensburgIN47240
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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 Greensburg at 348 SW Shoshone Trl, Greensburg, IN, 47240 priced at $1,700,000 converts $1,243/mo rent into after a $8,321/mo obligation. Total monthly income equals $1,243/mo. Return on cash invested prints 0.84% in year one, and rental yield reads 0.88% against a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation compiles into $469,679 by year five. Five-year ROI reaches 0.26% and total cumulative return in cash sums $1,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,243/mo property income covering a $8,321/mo payment, not borrower’s personal income.
Single Family
Built in 2001
1.23 Acres 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: Michelle Deaton • Tree City Properties, Inc.
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22049849