420 S Meridian StGreenwoodIN46142
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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 Greenwood at 420 S Meridian St, Greenwood, IN, 46142 with 5% annual appreciation on a $315,000 basis while $1,890/mo rent supports operations. 9% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 7.2%. Five-year ROI measures 102.52% and total cumulative return in cash totals $107,057. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,890/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46142, Greenwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,586 (100%) |
| Owner Occupied HU | 9,473 (69.7%) |
| Renter Occupied HU | 3,549 (26.1%) |
| Vacant Housing Units | 564 ( 4.2%) |
| Median Home Value | $294,337 |
| Average Home Value | $318,882 |
Housing Distribution
Address Breakdown
Residential
13,088
Single Family
12,240
Multi-Family
848
Businesses
1,514
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