1341 Lake Meadow DrIndianapolisIN46217
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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 1341 Lake Meadow Dr, Indianapolis, IN, 46217 generates $2,158/mo in rent and, after a $1,214/mo payment, leaves $669/mo in cash flow. Total monthly income is $2,158/mo, and annual cash flow is $8,030/yr on $82,212 invested. Return on cash invested sits at 29.68% in year one, and rental yield is 10.44% on a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 155.04% and total cumulative return in cash sums $127,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,158/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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Listed by: Michael Johnson • Vylla Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077441