1224 Partridge DrIndianapolisIN46231
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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 Partridge Dr, Indianapolis, IN, 46231 listed at $230,100 pairs $1,902/mo rent with a $1,126/mo payment to leave $316/mo cash flow. Total monthly income runs $1,902/mo, and annual cash flow reaches $3,792/yr on $76,278 cash to close. Return on cash invested measures 24.88% in year one, and rental yield registers 9.92% at a $230,100 basis. Equity gained on principal adds $1,485/yr, and annual property appreciation at 5% supports $63,572 by year five. Five-year ROI tracks 130.42% and total cumulative return in cash totals $99,482. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,902/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2004
6,063 sqft lot
$N/A/sqft
$205 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46231, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,085 (100%) |
| Owner Occupied HU | 2,961 (72.5%) |
| Renter Occupied HU | 1,002 (24.5%) |
| Vacant Housing Units | 122 ( 3.0%) |
| Median Home Value | $225,853 |
| Average Home Value | $255,165 |
Housing Distribution
Address Breakdown
Residential
3,748
Single Family
3,617
Multi-Family
131
Businesses
191
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Nearby investment properties with comparable prices
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