1517 E 81st StIndianapolisIN46240
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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 1517 E 81st St, Indianapolis, IN, 46240 generates $3,647/mo in rent, after a $3,010/mo payment. Total monthly income is $3,647/mo. Return on cash invested sits at 19.8% in year one, and rental yield is 7.12% on a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 101.96% and total cumulative return in cash sums $206,309. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,647/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
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Listed by: Catherine Fese • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055667