46 N 200 W, Greenfield, IN, 46140 | $473/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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46 N 200 W, Greenfield, IN, 46140 | $473/mo Cash Flow | Ziffy

For Sale

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 Greenfield at 46 N 200 W, Greenfield, IN, 46140 generates $2,034/mo in rent and, after a $1,273/mo payment, leaves $473/mo in cash flow. Total monthly income is $2,034/mo, and annual cash flow is $5,674/yr on $86,190 invested. Return on cash invested sits at 26.49% in year one, and rental yield is 9.39% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash sums $118,853. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.

Single Family

Built in 1950

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this fully renovated 3-bedroom, 2-bath ranch sitting on a spacious lot in Greenfield! Every detail of this home has been updated, giving you modern finishes with move-in-ready convenience. Step inside to an open-concept floor plan featuring new flooring, fresh paint, and abundant natural light. The living area is anchored by a cozy electric fireplace with a custom accent wall, while the chef's kitchen boasts stainless steel appliances, butcher block countertops, shaker-style cabinets, and a stylish backsplash. Both bathrooms are beautifully updated, including a luxurious primary suite with a double vanity and marble-style tile shower/tub. Bedrooms are generously sized with new carpet, ceiling fans, and ample storage. Outside, enjoy a large gravel drive, a detached two-car garage, and an additional barn/outbuilding-perfect for hobbies, storage, or a workshop. The expansive backyard offers plenty of space for entertaining, gardening, or simply relaxing. Prime Location - Situated just minutes from downtown Greenfield, local dining, shopping, and schools, with easy access to I-70 for a quick commute to Indianapolis. You'll love the balance of peaceful living while still being close to everything you need.

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