1066 Reserve Way, Indianapolis, IN, 46220 | $744/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1066 Reserve Way, Indianapolis, IN, 46220 | $744/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 1066 Reserve Way, Indianapolis, IN, 46220 listed at $340,000 pairs $2,785/mo rent with a $1,664/mo payment to leave $744/mo cash flow. Total monthly income runs $2,785/mo, and annual cash flow reaches $8,930/yr on $112,710 cash to close. Return on cash invested measures 27.83% in year one, and rental yield registers 9.83% at a $340,000 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,936 by year five. Five-year ROI tracks 145.11% and total cumulative return in cash totals $163,554. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,785/mo property income relative to a $1,664/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

More details about the property

Spacious 2 bedroom condo with vaulted ceilings located right in the heart of Broad Ripple. Nestled beautifully in Broad Ripple village, next to the white river, and just steps away from the Monon Trail and only minutes away from some of the best restaurants and bars in Indianapolis. Spacious master bedroom with a walk in closet, attached bathroom with a large bath tub. Includes a loft that makes for a great home office or second living room. Guest bedroom can be used for a bedroom or an at home office. Large 2 car garage. Condo features a fire place in the living room, new washer and dryer, refrigerator and microwave. Private Balcony with room for patio furniture. 10-15 minutes from downtown Indianapolis, 10 minutes from 465/highway.

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