632 1/2 S State St, Greenfield, IN, 46140 | $1,138/mo Cash Flow

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632 1/2 S State St, Greenfield, IN, 46140 | $1,138/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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 632 1/2 S State St, Greenfield, IN, 46140 listed at $219,900 pairs $2,458/mo rent with a $1,076/mo payment to leave $1,138/mo cash flow. Total monthly income runs $2,458/mo, and annual cash flow reaches $13,659/yr on $72,897 cash to close. Return on cash invested measures 38.65% in year one, and rental yield registers 13.41% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 203.12% and total cumulative return in cash totals $148,072. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,458/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1900

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Don't miss this cash-flowing duplex located just minutes from the heart of Greenfield, with quick access to shopping, dining, and the interstate. This property is professionally managed, recently updated, and ready to deliver consistent passive income. Brand new roof (July 2025) providing peace of mind and low future maintenance costs. Unit 1 features one bedroom and one bath, currently vacant and ready for market at a new rent of $749/month. Unit 2, recently updated, offers 3 bedrooms and 1 bathroom and is currently rented at $1250/month for a total monthly income of $1999! Tenants pay all utilities leaving minimal expenses and excellent cash flow. With professional property management already in place, this is a truly turn-key investment. Video tours available upon request! Act quickly before this one is gone!

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