1148 Longwell LnIndianapolisIN46240
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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 1148 Longwell Ln, Indianapolis, IN, 46240 earns $1,054/mo cash flow from $2,554/mo rent with a $1,052/mo payment. Total monthly income totals $2,554/mo, and annual cash flow totals $12,651/yr on $71,273 capital. ROI tracks 37.66% on current figures, and rental yield reads 14.25% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 199.11% and total cumulative return in cash sums $141,913. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,554/mo property income instead of your personal income.
Condo
Built in 1996
4,791 sqft lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
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Listed by: Marty Matlock • Matlock Realty Group
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22003229
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 23:53:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)