1029 Winfield AveIndianapolisIN46222
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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 1029 Winfield Ave, Indianapolis, IN, 46222 listed at $108,600 pairs $1,183/mo rent with a $532/mo payment to leave $408/mo cash flow. Total monthly income runs $1,183/mo, and annual cash flow reaches $4,892/yr on $36,001 cash to close. Return on cash invested measures 33.5% in year one, and rental yield registers 13.07% at a $108,600 basis. Equity gained on principal adds $701/yr, and annual property appreciation at 5% supports $30,004 by year five. Five-year ROI tracks 177.01% and total cumulative return in cash totals $63,724. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,183/mo property income relative to a $532/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: N/A • N/A
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