1156 Spruce StIndianapolisIN46203
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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
Investment Highlights
Investment property for sale in Indianapolis at 1156 Spruce St, Indianapolis, IN, 46203 earns from $2,867/mo rent with a $2,435/mo payment. Total monthly income totals $2,867/mo. ROI tracks 15.99% on current figures, and rental yield reads 6.92% at a $497,400 purchase. Equity gained on principal adds $3,210/yr, and 5% annual appreciation supports $137,422 over five years. Five-year ROI reaches 82.73% and total cumulative return in cash sums $136,411. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,867/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 8,432 (46.4%) |
| Renter Occupied HU | 7,696 (42.3%) |
| Vacant Housing Units | 2,055 (11.3%) |
| Median Home Value | $189,972 |
| Average Home Value | $247,147 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A