10949 Cape Coral LnIndianapolisIN46229
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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 10949 Cape Coral Ln, Indianapolis, IN, 46229 offers a 8.1% rental yield on a $174,907 purchase with $1,180/mo rent. Total monthly income registers $1,180/mo, and a $856/mo payment leaves $130/mo available for distribution. Annual cash flow reaches $1,562/yr on $57,982 to close, and return on cash invested stands at 22.6% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,324 over five years. Portfolio math shows five-year ROI at 117.1% and total cumulative return in cash at $67,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,180/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
3,049 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
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Listed by: Karen Sauer • Crossroads Real Estate Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22082234