1329 Phillips DrIndianapolisIN46241
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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 1329 Phillips Dr, Indianapolis, IN, 46241 earns $126/mo cash flow from $1,242/mo rent with a $910/mo payment. Total monthly income totals $1,242/mo, and annual cash flow totals $1,512/yr on $61,626 capital. ROI tracks 22.36% on current figures, and rental yield reads 8.02% at a $185,900 purchase. Equity gained on principal adds $1,200/yr, and 5% annual appreciation supports $51,361 over five years. Five-year ROI reaches 115.72% and total cumulative return in cash sums $71,313. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,242/mo property income instead of your personal income.
Multi Family
Built in 1955
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
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Listed by: Larry Tracy • BHB Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056571