742 E McKenzie RdGreenfieldIN46140
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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 Greenfield at 742 E McKenzie Rd, Greenfield, IN, 46140 uses $61,294 cash to close to unlock $6,613/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $1,661/mo, and a $905/mo payment keeps the spread at $551/mo. Purchase price stands at $184,900, and rental yield measures 10.78% with $1,661/mo rent. Return on cash invested shows 30.7% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 160.53% and total cumulative return in cash records $98,395. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,661/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.45 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,762
Single Family
18,279
Multi-Family
483
Businesses
1,156
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Listed by: Daniel Witte • Witte Realty Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22053552