12358 Van Spronsen WayIndianapolisIN46236
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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 12358 Van Spronsen Way, Indianapolis, IN, 46236 uses $102,732 cash to close to unlock $1,578/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $1,992/mo, and a $1,517/mo payment keeps the spread at $132/mo. Purchase price stands at $309,900, and rental yield measures 7.71% with $1,992/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 110.86% and total cumulative return in cash records $113,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,992/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1992
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46236, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,680 (100%) |
| Owner Occupied HU | 9,177 (85.9%) |
| Renter Occupied HU | 1,122 (10.5%) |
| Vacant Housing Units | 381 ( 3.6%) |
| Median Home Value | $302,184 |
| Average Home Value | $341,808 |
Housing Distribution
Address Breakdown
Residential
10,445
Single Family
10,299
Multi-Family
146
Businesses
596
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Listed by: Janet Giles • Your Realty Link, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071279