1003 E 106th StIndianapolisIN46280
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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 Indianapolis at 1003 E 106th St, Indianapolis, IN, 46280 uses $98,223 cash to close to unlock $4,635/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $2,200/mo, and a $1,450/mo payment keeps the spread at $386/mo. Purchase price stands at $296,300, and rental yield measures 8.91% with $2,200/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $81,862 over five years. Five-year ROI reaches 128.1% and total cumulative return in cash records $125,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,200/mo property income covering a $1,450/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46280, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,987 (100%) |
| Owner Occupied HU | 2,438 (61.1%) |
| Renter Occupied HU | 1,325 (33.2%) |
| Vacant Housing Units | 224 ( 5.6%) |
| Median Home Value | $415,727 |
| Average Home Value | $436,357 |
Housing Distribution
Address Breakdown
Residential
3,819
Single Family
3,612
Multi-Family
207
Businesses
254
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