4638 Waters Edge Way, Greenwood, IN, 46143 | 3.27% Rental Yield

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4638 Waters Edge Way, Greenwood, IN, 46143 | 3.27% Rental Yield | 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

Investment property for sale in Greenwood at 4638 Waters Edge Way, Greenwood, IN, 46143 earns from $2,729/mo rent with a $4,895/mo payment. Total monthly income totals $2,729/mo. ROI tracks 8.12% on current figures, and rental yield reads 3.27% at a $1,000,000 purchase. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,282 over five years. Five-year ROI reaches 39.33% and total cumulative return in cash sums $129,400. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,729/mo property income instead of your personal income.

Single Family

Built in 2000

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this stunning 4 bedroom, 4.5 bath custom brick ranch offering nearly 5,700 sq ft of luxury living with breathtaking lake views and private lake access w/ floating dock. Designed for both comfort and entertaining, this home boasts an impressive circular drive, heated in-ground pool and a spacious deck overlooking the water. Inside, you'll find two main level bedrooms, Primary and In-law suite, and two addtl bedrooms in the fully finished basement, each w/ it's own bath for privacy and convenience. Primary has water views w/ french doors leading to deck and en suite with dual walk in closets/vanities and a coffee bar. Elegant details include tray ceilings, formal living room with fireplace and built ins, formal dining room, private office w/ built ins and so much natural light. The expansive lower level is a retreat of it's own, featuring a home theater, wet bar, exercise room w/ sauna, second laundry closet, bonus room, small office and ample storage throughout. Walls of windows in kitchen/family room & living room frame serene lake views creating a bright and inviting atmosphere. This home combines timeless craftsmanship with modern amenities, offering the perfect balance of luxury, functionality and lakeside living. Some recent Seller improvements include: Roof/gutters/air vents '23, interior/exterior paint '23, exterior canned lighting, interior lighting fixtures '23, insulation '23, pool cover '25, pool filter '21, gas cooktop '22, Bosch dishwasher '22, gas water heater '20, carpet main basement '23, 1080P HD Projector '25, 10' screen '22, bar fridge '25, wine fridge '25.