511 Boonesboro RdGreenwoodIN46142
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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
Investment Highlights
Investment property for sale in Greenwood at 511 Boonesboro Rd, Greenwood, IN, 46142 uses $107,704 cash to close to unlock $4,439/yr annual cash flow and $370/mo monthly cash flow. Total monthly income runs $2,320/mo, and a $1,590/mo payment keeps the spread at $370/mo. Purchase price stands at $324,900, and rental yield measures 8.57% with $2,320/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 124.68% and total cumulative return in cash records $134,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,320/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46142, Greenwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,586 (100%) |
| Owner Occupied HU | 9,473 (69.7%) |
| Renter Occupied HU | 3,549 (26.1%) |
| Vacant Housing Units | 564 ( 4.2%) |
| Median Home Value | $294,337 |
| Average Home Value | $318,882 |
Housing Distribution
Address Breakdown
Residential
13,088
Single Family
12,240
Multi-Family
848
Businesses
1,514
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