1108 N Ridgeview DrIndianapolisIN46219
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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
Rental property for sale in Indianapolis at 1108 N Ridgeview Dr, Indianapolis, IN, 46219 offers $1,526/mo rent that, after a $1,089/mo payment, leaves $190/mo cash flow. Total monthly income is $1,526/mo, and annual cash flow is $2,285/yr on $73,759 cash. Return on cash invested measures 23.01% in year one, and rental yield stands at 8.23% at a $222,500 entry. Equity gained on principal adds $1,436/yr while 5% annual appreciation compounds into $61,473 by year five. Five-year ROI records 119.24% and total cumulative return in cash reaches $87,952. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,526/mo property income versus a $1,089/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
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Listed by: James Rendaci • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #21923292