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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 553 Seagrape Ln, Plainfield, IN, 46168 offers $2,245/mo rent that, after a $1,954/mo payment. Total monthly income is $2,245/mo. Return on cash invested measures 18.54% in year one, and rental yield stands at 6.75% at a $399,285 entry. Equity gained on principal adds $2,577/yr while 5% annual appreciation compounds into $110,315 by year five. Five-year ROI records 95.24% and total cumulative return in cash reaches $126,067. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,245/mo property income versus a $1,954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
9,147 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Erin Hundley • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069791
