551 Greenwood Trace DrWhitelandIN46184
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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
Rental property for sale in Whiteland at 551 Greenwood Trace Dr, Whiteland, IN, 46184 priced at $267,000 pairs $2,272/mo rent with $669/mo cash flow after a $1,307/mo payment. Total monthly income equals $2,272/mo, and annual cash flow comes to $8,029/yr on $88,511 invested. Return on cash invested is 28.98% in year one, and rental yield stands at 10.21% on a $267,000 basis. Equity gained on principal adds $1,723/yr, and 5% annual appreciation accumulates to $73,767 by year five. Five-year ROI measures 151.3% and total cumulative return in cash reaches $133,915. For financing, Ziffy Mortgage’s DSCR program evaluates $2,272/mo property income against a $1,307/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2016
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 4,390 (84.6%) |
| Renter Occupied HU | 740 (14.3%) |
| Vacant Housing Units | 60 ( 1.2%) |
| Median Home Value | $261,290 |
| Average Home Value | $282,753 |
Housing Distribution
Address Breakdown
Residential
5,129
Single Family
5,129
Multi-Family
0
Businesses
293
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