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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 Greenfield at 509 W Pierson St, Greenfield, IN, 46140 generates $1,441/mo in rent and, after a $905/mo payment, leaves $331/mo in cash flow. Total monthly income is $1,441/mo, and annual cash flow is $3,972/yr on $61,328 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.35% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 137.33% and total cumulative return in cash sums $84,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,441/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46140, Greenfield, IN area.
| 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 |
Residential
18,762
Single Family
18,279
Multi-Family
483
Businesses
1,156
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $185,000 |
| 2018-11-26 | Sold | $77,500 |
| 2018-11-02 | Pending sale | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-31 | $802.64 | 27.43% | $135,000 | 10.66% |
| 2023-03-31 | $629.88 | 41.72% | $122,000 | 19.73% |
| 2022-03-31 | $444.44 | -0.73% | $101,900 | 19.04% |
Listed by: Jamie Boer • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22028706
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-31 07:58:01 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)
