1232 Shadow Ridge Rd, Indianapolis, IN, 46280 | $362/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1232 Shadow Ridge Rd, Indianapolis, IN, 46280 | $362/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

Investment property for sale in Indianapolis at 1232 Shadow Ridge Rd, Indianapolis, IN, 46280 listed at $312,500 pairs $2,238/mo rent with a $1,530/mo payment to leave $362/mo cash flow. Total monthly income runs $2,238/mo, and annual cash flow reaches $4,340/yr on $103,594 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 8.59% at a $312,500 basis. Equity gained on principal adds $2,017/yr, and annual property appreciation at 5% supports $86,338 by year five. Five-year ROI tracks 125.06% and total cumulative return in cash totals $129,552. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,238/mo property income relative to a $1,530/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2001

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

This 2 bedroom Condo has it all+ more! Nestled in the enclave of The Retreat. Fabulous location, all the community amenities + access to the Monon Trail and walking paths, just outside your door! Move in ready, this Condo has been renovated with updates galore, New Primary Bath, new Carpet, Kitchen appliances, Water Heater & Water Softener, AC unit, Garage door opener plus Lighting and ceiling fans + hardwood floors! One of the best floorplans with a large Great Room & Kitchen area. Oversized Bedrooms + huge closets. This Condo backs up to the treeline & woods, private serene location for sitting on the spacious balcony. The Garage is extra deep for lots of additional storage too. The central location of The Retreat makes it the perfect location, close to Nora and downtown Carmel. Unbelievable amenities, Pool, Tennis, Pickle Ball, Basketball and a fully equipped Gym and don't forget all the Walking paths and Monon Trail. Simply perfect!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46280, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,987 (100%)
Owner Occupied HU	2,438 (61.1%)
Renter Occupied HU	1,325 (33.2%)
Vacant Housing Units	224 ( 5.6%)
Median Home Value	$415,727
Average Home Value	$436,357