1056 W 18th St #MNH2IRIndianapolisIN46202
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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 1056 W 18th St #MNH2IR, Indianapolis, IN, 46202 offers a 10.32% rental yield on a $294,300 purchase with $2,531/mo rent. Total monthly income registers $2,531/mo, and a $1,440/mo payment leaves $765/mo available for distribution. Annual cash flow reaches $9,178/yr on $97,560 to close, and return on cash invested stands at 29.32% in year one. Equity gained on principal adds $1,899/yr while 5% annual appreciation supports $81,310 over five years. Portfolio math shows five-year ROI at 153.04% and total cumulative return in cash at $149,302. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,531/mo property income against a $1,440/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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Listed by: N/A • N/A
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