10409 Barmore AveIndianapolisIN46280
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 10409 Barmore Ave, Indianapolis, IN, 46280 in Indianapolis at $349,500 earns $2,130/mo in rent and nets $32/mo after the $1,572/mo payment, a 7.31% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $96,560 over five years. Ziffy Mortgage underwrites this on a 1.35 DSCR without U.S. credit history. With $3,219/yr in principal paydown, total projected return reaches $134,303.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.8% |
| Monthly Cash Flow | $32 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,130 |
| Total Monthly Debt Service | $1,959 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.55 Acres 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
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
Single Family
Built in 1960
0.55 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie Ramsey • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056446