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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 Greentown at 6147 Cloverdale Dr, Greentown, IN, 46936 priced at $345,000 converts $1,249/mo rent into after a $1,689/mo obligation. Total monthly income equals $1,249/mo. Return on cash invested prints 11.28% in year one, and rental yield reads 4.34% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 56.34% and total cumulative return in cash sums $64,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,249/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1988
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46936, Greentown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,565 (100%) |
| Owner Occupied HU | 2,035 (79.3%) |
| Renter Occupied HU | 343 (13.4%) |
| Vacant Housing Units | 187 ( 7.3%) |
| Median Home Value | $245,673 |
| Average Home Value | $260,048 |
Residential
2,357
Single Family
2,314
Multi-Family
43
Businesses
103
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $345,000 |
| 2019-07-31 | Sold | $250,000 |
| 2019-06-12 | Price change | $260,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $2372.00 | -8.60% | $264,600 | 0.61% |
| 2023-04-21 | $2595.10 | 13.26% | $263,000 | 5.92% |
| 2022-04-21 | $2291.24 | 9.17% | $248,300 | 9.24% |
Listed by: Rae-Jean Langley • Keller Williams Indy Metro North
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513472
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
