1359 Edgemont AveIndianapolisIN46208
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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 1359 Edgemont Ave, Indianapolis, IN, 46208 generates $967/mo in rent and, after a $611/mo payment, leaves $218/mo in cash flow. Total monthly income is $967/mo, and annual cash flow is $2,611/yr on $41,404 invested. Return on cash invested sits at 26.21% in year one, and rental yield is 9.29% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 136.47% and total cumulative return in cash sums $56,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $967/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46208, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,258 (100%) |
| Owner Occupied HU | 4,075 (39.7%) |
| Renter Occupied HU | 4,483 (43.7%) |
| Vacant Housing Units | 1,700 (16.6%) |
| Median Home Value | $256,783 |
| Average Home Value | $310,376 |
Housing Distribution
Address Breakdown
Residential
9,990
Single Family
7,995
Multi-Family
1,995
Businesses
624
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Listed by: Jocelyn Deal • eXp Realty LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077734