1047 Udell StIndianapolisIN46208
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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 1047 Udell St, Indianapolis, IN, 46208 uses $36,465 cash to close to unlock $5,977/yr annual cash flow and $498/mo monthly cash flow. Total monthly income runs $1,158/mo, and a $538/mo payment keeps the spread at $498/mo. Purchase price stands at $110,000, and rental yield measures 12.63% with $1,158/mo rent. Return on cash invested shows 36.3% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 190.64% and total cumulative return in cash records $69,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,158/mo property income covering a $538/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46208, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,258 (100%) |
| Owner Occupied HU | 4,075 (39.7%) |
| Renter Occupied HU | 4,483 (43.7%) |
| Vacant Housing Units | 1,700 (16.6%) |
| Median Home Value | $256,783 |
| Average Home Value | $310,376 |
Housing Distribution
Address Breakdown
Residential
9,990
Single Family
7,995
Multi-Family
1,995
Businesses
624
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Listed by: Chris Price • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22070106