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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Plainfield at 424 Simmons St, Plainfield, IN, 46168 at $280,000 posts ROI 31.41% with $890/mo cash flow from $2,570/mo rent. Total monthly income equals $2,570/mo, and annual cash flow records $10,676/yr on $92,820 to close. Return on cash invested measures 31.41% and rental yield reads 11.01% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 164.28% and total cumulative return in cash totals $152,481.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,570/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46168, Plainfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 10,797 (65.5%) |
| Renter Occupied HU | 4,993 (30.3%) |
| Vacant Housing Units | 683 ( 4.1%) |
| Median Home Value | $287,004 |
| Average Home Value | $304,001 |
Residential
16,117
Single Family
14,534
Multi-Family
1,583
Businesses
1,370
Date | Event | Price |
|---|---|---|
| 2025-08-26 | Sold | $280,000 |
| 2025-07-24 | Pending sale | $280,000 |
| 2025-07-22 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1704.68 | -3.69% | $246,000 | 22.57% |
| 2023-10-24 | $1770.04 | 17.15% | $200,700 | 3.94% |
| 2022-10-24 | $1510.96 | -1.63% | $193,100 | 14.06% |
What's Special
Access Only
Listed by: Chloey George • The Stewart Home Group
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22025064
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 22:03:20 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
