1325 N Wittfield StIndianapolisIN46229
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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
Rental property for sale in Indianapolis at 1325 N Wittfield St, Indianapolis, IN, 46229 generates $1,307/mo in rent and, after a $832/mo payment, leaves $287/mo in cash flow. Total monthly income is $1,307/mo, and annual cash flow is $3,440/yr on $56,322 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.23% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 135.38% and total cumulative return in cash sums $76,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,307/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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Listed by: Lindsey Smalling • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078827