633 W Sheridan StGreensburgIN47240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Greensburg at 633 W Sheridan St, Greensburg, IN, 47240 offers $903/mo rent that, after a $558/mo payment, leaves $219/mo cash flow. Total monthly income is $903/mo, and annual cash flow is $2,624/yr on $37,791 cash. Return on cash invested measures 26.85% in year one, and rental yield stands at 9.51% at a $114,000 entry. Equity gained on principal adds $736/yr while 5% annual appreciation compounds into $31,496 by year five. Five-year ROI records 139.86% and total cumulative return in cash reaches $52,855. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $903/mo property income versus a $558/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1868
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47240, Greensburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,772 (100%) |
| Owner Occupied HU | 6,364 (65.1%) |
| Renter Occupied HU | 2,547 (26.1%) |
| Vacant Housing Units | 861 ( 8.8%) |
| Median Home Value | $230,944 |
| Average Home Value | $267,973 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
9,063
Multi-Family
266
Businesses
793
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Nearby investment properties with comparable prices
Listed by: Andrea Dennett • Exodus Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076890