405 W Jacob St, Greencastle, IN, 46135 | $362/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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405 W Jacob St, Greencastle, IN, 46135 | $362/mo Cash Flow | Ziffy

Pending

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

Rental property for sale in Greencastle at 405 W Jacob St, Greencastle, IN, 46135 offers $1,712/mo rent that, after a $1,101/mo payment, leaves $362/mo cash flow. Total monthly income is $1,712/mo, and annual cash flow is $4,339/yr on $74,588 cash. Return on cash invested measures 25.73% in year one, and rental yield stands at 9.13% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 133.82% and total cumulative return in cash reaches $99,813. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,712/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1966

0.74 Acres lot

$N/A/sqft

No HOA

More details about the property

Don't scroll past this home until you've scheduled a showing - it's a MUST see! This 3 bedroom, 2 bathroom home is located in the heart of Greencastle and is full of charm. Sitting on an impressive .74 acre lot, the property sits on a quiet road and offers privacy while still being conveniently located near town amenities. The home features a cozy and inviting living room, a bright kitchen/dining combo with a large picture window that fills the space with natural light, and a smart floor plan that keeps the bedrooms tucked quietly at one end of the home. The detached 4-car garage adds great storage and has a functional fenced in animal area. The home sits back off the road for added curb appeal. Don't miss this rare opportunity for in-town living with the space and feel of the country!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,718 (100%)
Owner Occupied HU	4,723 (61.2%)
Renter Occupied HU	2,134 (27.6%)
Vacant Housing Units	861 (11.2%)
Median Home Value	$218,134
Average Home Value	$263,076