10808 Penwell WayIndianapolisIN46235
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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 10808 Penwell Way, Indianapolis, IN, 46235 listed at $239,000 pairs $1,621/mo rent with a $1,170/mo payment to leave $186/mo cash flow. Total monthly income runs $1,621/mo, and annual cash flow reaches $2,233/yr on $79,229 cash to close. Return on cash invested measures 22.73% in year one, and rental yield registers 8.14% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 117.76% and total cumulative return in cash totals $93,300. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,621/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46235, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,400 (100%) |
| Owner Occupied HU | 6,701 (46.5%) |
| Renter Occupied HU | 6,414 (44.5%) |
| Vacant Housing Units | 1,285 ( 8.9%) |
| Median Home Value | $195,850 |
| Average Home Value | $228,932 |
Housing Distribution
Address Breakdown
Residential
13,799
Single Family
12,698
Multi-Family
1,101
Businesses
155
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Listed by: Kelly Harris • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22057646