1360-1362 S Sheffield AveIndianapolisIN46221
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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 1360-1362 S Sheffield Ave, Indianapolis, IN, 46221 uses $64,013 cash to close to unlock $936/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $1,237/mo, and a $945/mo payment keeps the spread at $78/mo. Purchase price stands at $193,100, and rental yield measures 7.69% with $1,237/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $53,350 over five years. Five-year ROI reaches 110.4% and total cumulative return in cash records $70,670. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,237/mo property income covering a $945/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46221, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,205 (100%) |
| Owner Occupied HU | 6,485 (57.9%) |
| Renter Occupied HU | 3,906 (34.9%) |
| Vacant Housing Units | 814 ( 7.3%) |
| Median Home Value | $209,976 |
| Average Home Value | $214,246 |
Housing Distribution
Address Breakdown
Residential
10,643
Single Family
10,523
Multi-Family
120
Businesses
359
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