621 Crescent DrGreencastleIN46135
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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 621 Crescent Dr, Greencastle, IN, 46135 with 5% annual appreciation on a $194,500 basis while $1,500/mo rent supports operations. Total monthly income totals $1,500/mo and a $952/mo payment preserves $332/mo for cash returns. Annual cash flow comes to $3,989/yr on $64,477 deployed, and return on cash invested reaches 26.1% in year one. Equity gained on principal adds $1,255/yr, and five-year appreciation sums $53,737 alongside rental yield of 9.25%. Five-year ROI measures 135.8% and total cumulative return in cash totals $87,561.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,500/mo property income versus a $952/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
6,969 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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Listed by: Tyler Cox • RE/MAX Cornerstone
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052922