1224 N Gibson 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 1224 N Gibson Ave, Indianapolis, IN, 46219 earns $219/mo cash flow from $970/mo rent with a $612/mo payment. Total monthly income totals $970/mo, and annual cash flow totals $2,634/yr on $41,438 capital. ROI tracks 26.26% on current figures, and rental yield reads 9.31% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 136.73% and total cumulative return in cash sums $56,657. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $970/mo property income instead of your personal income.
Single Family
Built in 1963
0.33 Acres 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: Justus Hodges • Just Homes Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060433