120 White Lick DrIndianapolisIN46227
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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 120 White Lick Dr, Indianapolis, IN, 46227 with 5% annual appreciation on a $250,000 basis while $1,891/mo rent supports operations. Total monthly income totals $1,891/mo and a $1,224/mo payment preserves $390/mo for cash returns. Annual cash flow comes to $4,679/yr on $82,875 deployed, and return on cash invested reaches 25.55% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 9.08%. Five-year ROI measures 132.88% and total cumulative return in cash totals $110,122.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,891/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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Listed by: Ngun Til • Landtree, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075282