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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 538 N East St, Greenfield, IN, 46140 priced at $214,200 converts $2,004/mo rent into $645/mo cash flow after a $1,048/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $7,738/yr on $71,007 invested. Return on cash invested prints 30.81% in year one, and rental yield reads 11.23% against a $214,200 entry. Equity gained on principal adds $1,382/yr, while 5% annual appreciation compiles into $59,180 by year five. Five-year ROI reaches 161.5% and total cumulative return in cash sums $114,674. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,048/mo payment, not borrower’s personal income.
Single Family
Built in 1970
5,662 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 |
|---|---|---|
| 2025-08-08 | Sold | $214,200 |
| 2025-07-07 | Pending sale | $217,600 |
| 2025-06-23 | Price change | $217,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $2662.04 | 20.67% | $142,400 | 6.99% |
| 2023-10-25 | $2206.08 | 39.45% | $133,100 | 20.67% |
| 2022-10-25 | $1582.00 | N/A | $110,300 | 39.44% |
Listed by: B. Kelly Bogigian • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22038507
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 04:37:47 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)
