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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% |
Rental property for sale in Greentown at 509 S Meridian St, Greentown, IN, 46936 priced at $150,000 converts $1,481/mo rent into $458/mo cash flow after a $734/mo obligation. Total monthly income equals $1,481/mo, and annual cash flow totals $5,501/yr on $49,725 invested. Return on cash invested prints 30.97% in year one, and rental yield reads 11.85% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 163.03% and total cumulative return in cash sums $81,066. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,481/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46936, Greentown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 2,035 (79.3%) |
| Renter Occupied HU | 343 (13.4%) |
| Vacant Housing Units | 187 ( 7.3%) |
| Median Home Value | $245,673 |
| Average Home Value | $260,048 |
Residential
2,357
Single Family
2,314
Multi-Family
43
Businesses
103
Date | Event | Price |
|---|---|---|
| 2025-10-06 | Sold | $150,000 |
| 2025-08-21 | Price change | $169,000 |
| 2025-08-14 | Price change | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $2714.00 | 4.13% | $157,300 | 15.92% |
| 2023-10-12 | $2606.34 | 10.93% | $135,700 | 4.46% |
| 2022-10-12 | $2349.52 | 84415.11% | $129,900 | 11.03% |
Listed by: Marcia Ellis • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531152
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
