61 Center StGreencastleIN46135
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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
Investment property for sale in Greencastle at 61 Center St, Greencastle, IN, 46135 listed at $175,900 pairs $1,500/mo rent with a $861/mo payment to leave $444/mo cash flow. Total monthly income runs $1,500/mo, and annual cash flow reaches $5,329/yr on $58,311 cash to close. Return on cash invested measures 29.05% in year one, and rental yield registers 10.23% at a $175,900 basis. Equity gained on principal adds $1,135/yr, and annual property appreciation at 5% supports $48,598 by year five. Five-year ROI tracks 151.67% and total cumulative return in cash totals $88,441. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $861/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46135, Greencastle, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,718 (100%) |
| Owner Occupied HU | 4,723 (61.2%) |
| Renter Occupied HU | 2,134 (27.6%) |
| Vacant Housing Units | 861 (11.2%) |
| Median Home Value | $218,134 |
| Average Home Value | $263,076 |
Housing Distribution
Address Breakdown
Residential
7,144
Single Family
6,852
Multi-Family
292
Businesses
650
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Nearby investment properties with comparable prices
Listed by: Eric Wolfe • Prime Real Estate ERA Powered
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055345