1447 Shadow Ridge Rd, Indianapolis, IN, 46280 | $915/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1447 Shadow Ridge Rd, Indianapolis, IN, 46280 | $915/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 1447 Shadow Ridge Rd, Indianapolis, IN, 46280 uses $94,478 cash to close to unlock $10,981/yr annual cash flow and $915/mo monthly cash flow. Total monthly income runs $2,626/mo, and a $1,395/mo payment keeps the spread at $915/mo. Purchase price stands at $285,000, and rental yield measures 11.06% with $2,626/mo rent. Return on cash invested shows 31.53% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 164.96% and total cumulative return in cash records $155,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,626/mo property income covering a $1,395/mo payment rather than investor’s personal income.

Condo

Built in 2001

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled at 1447 Shadow Ridge Rd, Carmel, IN, this beautifully maintained 2-bedroom, 2-bath condominium combines comfort and convenience in a welcoming community. Step inside to 1,535 square feet of thoughtfully designed living space, highlighted by 9-foot ceilings and abundant natural light. The spacious great room offers a cozy gas fireplace, creating the perfect centerpiece for relaxing evenings or entertaining guests. The kitchen is fully equipped with SS appliances and a convenient breakfast bar. A large pantry and ample cabinet and counter space make meal prep a breeze. Both bedrooms are generously sized with walk-in closets, including a primary suite featuring a garden tub and full bath retreat. Additional highlights include fresh paint, crown molding, updated lighting, and new LVP flooring throughout. Practical features enhance daily living: a laundry room on the main level with washer and dryer included, an oversized one-car garage with epoxy flooring, and relaxing patio with beautiful lake view. Lean into condo living at the pickleball courts, luxurious pool, sauna (after the gym), or hit the Monon trail (direct neighborhood access)! Built in 2001, with many recent updates, this one-level condo offers a balance of space, style, and low-maintenance living - a great value in an excellent Carmel location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46280, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,987 (100%)
Owner Occupied HU	2,438 (61.1%)
Renter Occupied HU	1,325 (33.2%)
Vacant Housing Units	224 ( 5.6%)
Median Home Value	$415,727
Average Home Value	$436,357