1066 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 1066 Reserve Way, Indianapolis, IN, 46220 listed at $324,900 pairs $1,794/mo rent with a $1,590/mo payment. Total monthly income runs $1,794/mo. Return on cash invested measures 18.17% in year one, and rental yield registers 6.63% at a $324,900 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,764 by year five. Five-year ROI tracks 93.27% and total cumulative return in cash totals $100,457. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,794/mo property income relative to a $1,590/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2009
2,178 sqft lot
$N/A/sqft
No 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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Listed by: Randy Wasmuth • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081639