1446 N Illinois StIndianapolisIN46202
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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 1446 N Illinois St, Indianapolis, IN, 46202 with 5% annual appreciation on a $217,200 basis while $3,196/mo rent supports operations. Total monthly income totals $3,196/mo and a $1,063/mo payment preserves $1,691/mo for cash returns. Annual cash flow comes to $20,288/yr on $72,002 deployed, and return on cash invested reaches 48.09% in year one. Equity gained on principal adds $1,402/yr, and five-year appreciation sums $60,008 alongside rental yield of 17.66%. Five-year ROI measures 254.92% and total cumulative return in cash totals $183,548.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,196/mo property income versus a $1,063/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1890
0.58 Acres 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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Nearby investment properties with comparable prices
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