1444 E Elbert St, Indianapolis, IN, 46227 | $408/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1444 E Elbert St, Indianapolis, IN, 46227 | $408/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 1444 E Elbert St, Indianapolis, IN, 46227 uses $62,985 cash to close to unlock $4,901/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,549/mo, and a $930/mo payment keeps the spread at $408/mo. Purchase price stands at $190,000, and rental yield measures 9.78% with $1,549/mo rent. Return on cash invested shows 27.69% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 144.36% and total cumulative return in cash records $90,924. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,549/mo property income covering a $930/mo payment rather than investor’s personal income.

Single Family

Built in 1910

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of charm and convenience at 1444 E Elbert Street. This inviting 2-bedroom, 1-bath bungalow is nestled on a spacious lot with mature trees, offering the perfect backdrop for both relaxation and everyday living. Step inside to find a bright and comfortable living room that flows seamlessly into the kitchen, creating a welcoming space for family and friends. Both bedrooms are well-sized, with plenty of natural light, while the full bath and laundry area add everyday practicality. Outside, you'll love the expansive backyard-ideal for gardening, entertaining, or simply enjoying peaceful evenings under the trees. A bonus storage building provides extra space for hobbies, tools, or seasonal items. Whether you're a first-time buyer, downsizing, or looking for a smart investment, this charming home offers comfort, character, and endless potential in a convenient location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,281 (100%)
Owner Occupied HU	11,170 (42.5%)
Renter Occupied HU	13,020 (49.5%)
Vacant Housing Units	2,091 ( 8.0%)
Median Home Value	$234,494
Average Home Value	$260,259