10828 Young Lake DrIndianapolisIN46229
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 10828 Young Lake Dr, Indianapolis, IN, 46229 in Indianapolis speaks for itself: 10.43% gross on a $348,900 price, generating $3,032/mo in rent and $938/mo in net income after the $1,569/mo debt service. DSCR 1.93, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,256 stacks alongside $96,395 in projected five-year appreciation and $3,213/yr in principal reduction. Projected total cumulative return: $192,378.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.8% |
| Monthly Cash Flow | $938 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,032 |
| Total Monthly Debt Service | $1,956 |
| DSCR Ratio | 1.55x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MeMe Howard • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073551