1023 Reserve WayIndianapolisIN46220
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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 1023 Reserve Way, Indianapolis, IN, 46220 offers a 9.33% rental yield on a $346,100 purchase with $2,690/mo rent. Total monthly income registers $2,690/mo, and a $1,694/mo payment leaves $235/mo available for distribution. Annual cash flow reaches $2,819/yr on $114,732 to close, and return on cash invested stands at 22.37% in year one. Equity gained on principal adds $2,233/yr while 5% annual appreciation supports $95,621 over five years. Portfolio math shows five-year ROI at 117.2% and total cumulative return in cash at $134,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,690/mo property income against a $1,694/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
2,334 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,578 (100%) |
| Owner Occupied HU | 10,835 (58.3%) |
| Renter Occupied HU | 6,609 (35.6%) |
| Vacant Housing Units | 1,134 ( 6.1%) |
| Median Home Value | $353,955 |
| Average Home Value | $402,384 |
Housing Distribution
Address Breakdown
Residential
17,664
Single Family
14,977
Multi-Family
2,687
Businesses
1,730
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