1213 Spann AveIndianapolisIN46203
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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
Rental property for sale in Indianapolis at 1213 Spann Ave, Indianapolis, IN, 46203 generates $3,197/mo in rent and, after a $2,349/mo payment, leaves $316/mo in cash flow. Total monthly income is $3,197/mo, and annual cash flow is $3,792/yr on $159,120 invested. Return on cash invested sits at 22.29% in year one, and rental yield is 7.99% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 115.37% and total cumulative return in cash sums $183,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,197/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
3,920 sqft 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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Listed by: Andrew Barr • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22048076