1501 S Alabama StIndianapolisIN46225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1501 S Alabama St, Indianapolis, IN, 46225 offers a 10.28% rental yield on a $386,300 purchase with $3,308/mo rent. Total monthly income registers $3,308/mo, and a $1,891/mo payment leaves $486/mo available for distribution. Annual cash flow reaches $5,832/yr on $128,058 to close, and return on cash invested stands at 24.46% in year one. Equity gained on principal adds $2,493/yr while 5% annual appreciation supports $106,728 over five years. Portfolio math shows five-year ROI at 128.77% and total cumulative return in cash at $164,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,308/mo property income against a $1,891/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46225, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,209 (100%) |
| Owner Occupied HU | 1,243 (38.7%) |
| Renter Occupied HU | 1,373 (42.8%) |
| Vacant Housing Units | 593 (18.5%) |
| Median Home Value | $163,267 |
| Average Home Value | $214,771 |
Housing Distribution
Address Breakdown
Residential
3,085
Single Family
2,661
Multi-Family
424
Businesses
504
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A