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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% |
Investment property for sale in Plainfield at 5688 E Us Highway 40, Plainfield, IN, 46168 offers a 7.95% rental yield on a $446,700 purchase with $2,958/mo rent. Total monthly income registers $2,958/mo, and a $2,186/mo payment leaves $277/mo available for distribution. Annual cash flow reaches $3,323/yr on $148,081 to close, and return on cash invested stands at 22.15% in year one. Equity gained on principal adds $2,882/yr while 5% annual appreciation supports $123,415 over five years. Portfolio math shows five-year ROI at 114.63% and total cumulative return in cash at $169,742. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,958/mo property income against a $2,186/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.18 Acres 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 |
|---|---|---|
| 2024-09-09 | Listing removed | $575,000 |
| 2024-09-04 | Listed for sale | $599,900 |
| 2024-06-24 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $3210.54 | 3.03% | $349,900 | 4.95% |
| 2023-10-26 | $3116.12 | 10.42% | $333,400 | 6.14% |
| 2022-10-26 | $2822.16 | 6.38% | $314,100 | 10.21% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
