1440 N Park AveIndianapolisIN46202
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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 1440 N Park Ave, Indianapolis, IN, 46202 generates $2,383/mo in rent and, after a $1,713/mo payment, leaves $282/mo in cash flow. Total monthly income is $2,383/mo, and annual cash flow is $3,385/yr on $116,025 invested. Return on cash invested sits at 22.83% in year one, and rental yield is 8.17% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 118.28% and total cumulative return in cash sums $137,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,383/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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Listed by: Elizabeth Ewbank • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079135