1306 Tenor PlIndianapolisIN46231
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1306 Tenor Pl, Indianapolis, IN, 46231 in Indianapolis deserves attention. This $450,000 property earns $4,099/mo in rent, a 10.93% gross yield, and nets $1,363/mo after the $2,023/mo payment. DSCR 2.03 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $124,327 compounds alongside $4,145/yr in yearly equity build, for a total cumulative return of $260,280.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.8% |
| Monthly Cash Flow | $1,363 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,099 |
| Total Monthly Debt Service | $2,522 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
10,454 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2002
10,454 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22098147