117 S Spencer AveIndianapolisIN46219
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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 117 S Spencer Ave, Indianapolis, IN, 46219 uses $92,820 cash to close to unlock $4,532/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $2,058/mo, and a $1,370/mo payment keeps the spread at $378/mo. Purchase price stands at $280,000, and rental yield measures 8.82% with $2,058/mo rent. Return on cash invested shows 24.79% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 128.8% and total cumulative return in cash records $119,553. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,058/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1932
6,534 sqft 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: Kyle Morris • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22038943