1224 N Olney StIndianapolisIN46201
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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 Olney St, Indianapolis, IN, 46201 earns $526/mo cash flow from $2,080/mo rent with a $1,267/mo payment. Total monthly income totals $2,080/mo, and annual cash flow totals $6,313/yr on $85,825 capital. ROI tracks 27.26% on current figures, and rental yield reads 9.64% at a $258,900 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,529 over five years. Five-year ROI reaches 142.09% and total cumulative return in cash sums $121,952. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,080/mo property income instead of your personal income.
Single Family
Built in 1916
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Housing Distribution
Address Breakdown
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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Listed by: Russell Mathes • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061827