1120 Falcon RdgIndianapolisIN46280
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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 1120 Falcon Rdg, Indianapolis, IN, 46280 offers a 9.63% rental yield on a $329,900 purchase with $2,647/mo rent. Total monthly income registers $2,647/mo, and a $1,615/mo payment leaves $666/mo available for distribution. Annual cash flow reaches $7,996/yr on $109,362 to close, and return on cash invested stands at 27.22% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 141.84% and total cumulative return in cash at $155,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,647/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46280, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,987 (100%) |
| Owner Occupied HU | 2,438 (61.1%) |
| Renter Occupied HU | 1,325 (33.2%) |
| Vacant Housing Units | 224 ( 5.6%) |
| Median Home Value | $415,727 |
| Average Home Value | $436,357 |
Housing Distribution
Address Breakdown
Residential
3,819
Single Family
3,612
Multi-Family
207
Businesses
254
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Listed by: Sathya Kattragadda • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22068509