631 N Spring St, Greenfield, IN, 46140 | $235/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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631 N Spring St, Greenfield, IN, 46140 | $235/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Greenfield at 631 N Spring St, Greenfield, IN, 46140 with 5% annual appreciation on a $140,000 basis while $1,075/mo rent supports operations. Total monthly income totals $1,075/mo and a $685/mo payment preserves $235/mo for cash returns. Annual cash flow comes to $2,818/yr on $46,410 deployed, and return on cash invested reaches 25.98% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 9.21%. Five-year ROI measures 135.2% and total cumulative return in cash totals $62,746.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,075/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1900

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

This charming Greenfield home offers space, versatility, and the opportunity to add value. Featuring 2 bedrooms and a large family room with a laundry area that could easily serve as a 3rd bedroom, this property provides flexible living options for a variety of needs.The upper level is ready to be finished, with ample space to create a spacious primary suite, home office, or additional living area-an ideal project for those looking to customize and increase equity. Located on a desirable corner lot, the property offers generous outdoor space with room for entertaining, gardening, or future expansion. The home has served as a reliable rental for several years, making it a great choice for investors seeking steady income or homeowners eager to personalize a solid property.With a convenient Greenfield location close to everything while combining a functional layout with plenty of potential for growth. Whether you're searching for your next investment or a home to make your own, this property is a fantastic opportunity

Neighborhood Data

Neighborhood data shown for ZIP Code: 46140, Greenfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,331 (100%)
Owner Occupied HU	13,943 (72.1%)
Renter Occupied HU	4,652 (24.1%)
Vacant Housing Units	736 ( 3.8%)
Median Home Value	$256,982
Average Home Value	$292,372