1168 Shadow Ridge Rd #38IndianapolisIN46280
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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 1168 Shadow Ridge Rd #38, Indianapolis, IN, 46280 earns $257/mo cash flow from $2,238/mo rent with a $1,615/mo payment. Total monthly income totals $2,238/mo, and annual cash flow totals $3,087/yr on $109,395 capital. ROI tracks 22.73% on current figures, and rental yield reads 8.14% at a $330,000 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 over five years. Five-year ROI reaches 117.74% and total cumulative return in cash sums $128,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,238/mo property income instead of your personal income.
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: Kylie Ellis • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080341