514 Riley AveGreenfieldIN46140
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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 Greenfield at 514 Riley Ave, Greenfield, IN, 46140 uses $56,322 cash to close to unlock $3,740/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,332/mo, and a $832/mo payment keeps the spread at $312/mo. Purchase price stands at $169,900, and rental yield measures 9.41% with $1,332/mo rent. Return on cash invested shows 26.55% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 138.26% and total cumulative return in cash records $77,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,332/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1958
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,762
Single Family
18,279
Multi-Family
483
Businesses
1,156
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Listed by: Krystal Willis • Fathom Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22057209