1506 English AveIndianapolisIN46201
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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 1506 English Ave, Indianapolis, IN, 46201 generates $1,653/mo in rent and, after a $1,150/mo payment, leaves $243/mo in cash flow. Total monthly income is $1,653/mo, and annual cash flow is $2,910/yr on $77,903 invested. Return on cash invested sits at 23.65% in year one, and rental yield is 8.44% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 122.67% and total cumulative return in cash sums $95,560. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,653/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Housing Distribution
Address Breakdown
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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Listed by: Daniel Witte • Witte Realty Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073696