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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 Plainfield at 5486 Lipizzan Ln, Plainfield, IN, 46168 generates $2,125/mo in rent and, after a $1,370/mo payment, leaves $370/mo in cash flow. Total monthly income is $2,125/mo, and annual cash flow is $4,436/yr on $92,820 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.11% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 128.57% and total cumulative return in cash sums $119,337. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,125/mo property income rather than buyer’s personal income.
Condo
Built in 2008
6,098 sqft lot
$N/A/sqft
$900 annually HOA
Neighborhood data shown for ZIP Code: 46168, Plainfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 10,797 (65.5%) |
| Renter Occupied HU | 4,993 (30.3%) |
| Vacant Housing Units | 683 ( 4.1%) |
| Median Home Value | $287,004 |
| Average Home Value | $304,001 |
Residential
16,117
Single Family
14,534
Multi-Family
1,583
Businesses
1,370
Date | Event | Price |
|---|---|---|
| 2025-09-23 | Sold | $280,000 |
| 2025-08-23 | Pending sale | $285,000 |
| 2025-08-07 | Price change | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1783.60 | -6.18% | $245,500 | 6.00% |
| 2023-11-01 | $1901.16 | 14.69% | $231,600 | 4.80% |
| 2022-11-01 | $1657.70 | 5.45% | $221,000 | 11.50% |
What's Special
Access Only
Listed by: Amber Greene • Greene Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22039479
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-31 22:12:59 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)
