482 N 700 W, Greenfield, IN, 46140 | $383/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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482 N 700 W, Greenfield, IN, 46140 | $383/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

Investment property for sale in Greenfield at 482 N 700 W, Greenfield, IN, 46140 uses $91,163 cash to close to unlock $4,599/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,034/mo, and a $1,346/mo payment keeps the spread at $383/mo. Purchase price stands at $275,000, and rental yield measures 8.88% with $2,034/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 129.68% and total cumulative return in cash records $118,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,346/mo payment rather than investor’s personal income.

Single Family

Built in 1969

0.99 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled on nearly a full acre in the sought-after Mt. Vernon school district, this split-level home offers both space and charm in a peaceful setting. A long, curvy driveway welcomes you in, providing parking for 10+ cars and adding to the estate-like feel of the property. The expansive .99-acre lot is highlighted by a fenced-in backyard, perfect for pets, play, and outdoor entertaining, with two spacious storage barns providing even more versatility. Enjoy the outdoors with a brand-new upper deck, a large lower patio, and beautiful views of the property's wide-open green space. Inside, you'll find fresh new carpet throughout the upper level, hardwood floors in the primary suite, and an en suite bath for comfort and privacy. The lower level is anchored by a massive family room with walk-out access to the deck, plus a convenient half bath and laundry/mechanical room. A newer roof and durable vinyl windows provide peace of mind, while the oversized finished 2-car garage with a service door, keypad, and opener adds practicality. This property blends modern updates, abundant land, and functional living space-truly a rare find in today's market.

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