533 Anderson St, Greencastle, IN, 46135 | $726/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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533 Anderson St, Greencastle, IN, 46135 | $726/mo Cash Flow | Ziffy

For Sale

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 Greencastle at 533 Anderson St, Greencastle, IN, 46135 listed at $210,000 pairs $1,987/mo rent with a $1,028/mo payment to leave $726/mo cash flow. Total monthly income runs $1,987/mo, and annual cash flow reaches $8,715/yr on $69,615 cash to close. Return on cash invested measures 32.43% in year one, and rental yield registers 11.35% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 169.8% and total cumulative return in cash totals $118,204. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,987/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1915

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Greetings from 533 Anderson St, GREENCASTLE! Tucked away in Putnam County, this single-family residence is more than just a house; it's an inviting home, practically begging for someone to start making memories within its walls. Imagine basking in the glow of the sunroom, a space practically designed for lazy afternoons with a good book, or perhaps a lively game of cards with friends. The living room is absolutely destined to be the backdrop for countless gatherings, with its crown molding adding a touch of elegance and a fireplace promising cozy evenings spent sharing stories and laughter. With five bedrooms, there's room for everyone to spread out and claim their own personal haven, and one full bathroom. The porch will be the perfect spot for morning coffee, waving to neighbors, or simply watching the world go by. And don't forget the generous 6708 square feet lot area, practically shouting for summer barbecues and garden parties! With 1920 square feet of living space spread across two stories, this 1915 home is a delightful blend of vintage charm and modern convenience. This ready-to-move-in residence is your chance to craft a life filled with warmth, laughter, and unforgettable moments.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,718 (100%)
Owner Occupied HU	4,723 (61.2%)
Renter Occupied HU	2,134 (27.6%)
Vacant Housing Units	861 (11.2%)
Median Home Value	$218,134
Average Home Value	$263,076