1215 N Pershing Ave, Indianapolis, IN, 46222 | $821/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1215 N Pershing Ave, Indianapolis, IN, 46222 | $821/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Indianapolis at 1215 N Pershing Ave, Indianapolis, IN, 46222 generates $1,947/mo in rent and, after a $918/mo payment, leaves $821/mo in cash flow. Total monthly income is $1,947/mo, and annual cash flow is $9,854/yr on $62,156 invested. Return on cash invested sits at 35.76% in year one, and rental yield is 12.46% on a $187,500 entry. Equity gained on principal adds $1,210/yr, while 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 187.69% and total cumulative return in cash sums $116,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,947/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

HOME QUALIFIES FOR A GRANT TOWARDS CLOSING COSTS!! Ask your agent for details to see if you are eligible for this grant! - If you're looking for a move-in ready home on the near Westside of Indianapolis that has been recently updated, then this home could be the one for you! This super cute bungalow style home has three bedrooms and two full bathrooms and has a beautifully updated kitchen with stunning new quartz countertops! Welcome to 1215 N Pershing Ave, conveniently located near downtown Indianapolis, IU Indy, Marian University, Riley Children's Hospital, Eskenazi, the Indianapolis Zoo, Victory Field, White River State Park, Indianapolis Motor Speedway, Golf Courses and much much more! This open concept floorplan home has had many updates including all of the major mechanicals: HVAC system (furnace and a/c), electrical, plumbing, windows, roof (all in 2020). The property has a covered front porch, a back deck, is partially fenced in, has private parking in back with alley access and mature trees. Home would also make a great AirBnb if you are an investor looking for a great location for your next short term rental! Quick close is possible if you're looking for your end of the year tax write-off! No Sub-to's.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,412 (100%)
Owner Occupied HU	5,545 (33.8%)
Renter Occupied HU	8,728 (53.2%)
Vacant Housing Units	2,139 (13.0%)
Median Home Value	$108,604
Average Home Value	$188,902