1445 W Lee StIndianapolisIN46221
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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 1445 W Lee St, Indianapolis, IN, 46221 priced at $149,999 converts $1,536/mo rent into $636/mo cash flow after a $734/mo obligation. Total monthly income equals $1,536/mo, and annual cash flow totals $7,629/yr on $49,725 invested. Return on cash invested prints 35.25% in year one, and rental yield reads 12.29% against a $149,999 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 184.89% and total cumulative return in cash sums $91,938. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,536/mo property income covering a $734/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
5,662 sqft 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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Listed by: Edwin Watson • Triple E Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22070564