1324 N Gladstone AveIndianapolisIN46201
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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 1324 N Gladstone Ave, Indianapolis, IN, 46201 offers a 9.19% rental yield on a $200,000 purchase with $1,532/mo rent. Total monthly income registers $1,532/mo, and a $979/mo payment leaves $331/mo available for distribution. Annual cash flow reaches $3,976/yr on $66,300 to close, and return on cash invested stands at 25.91% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 134.82% and total cumulative return in cash at $89,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,532/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
5,662 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: Michael Frucci • AMR Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069817