1518 E Legrande AveIndianapolisIN46203
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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 1518 E Legrande Ave, Indianapolis, IN, 46203 offers a 7.27% rental yield on a $199,000 purchase with $1,205/mo rent. Total monthly income registers $1,205/mo, and a $974/mo payment leaves $10/mo available for distribution. Annual cash flow reaches $125/yr on $65,969 to close, and return on cash invested stands at 20.1% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 103.66% and total cumulative return in cash at $68,382. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,205/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 8,432 (46.4%) |
| Renter Occupied HU | 7,696 (42.3%) |
| Vacant Housing Units | 2,055 (11.3%) |
| Median Home Value | $189,972 |
| Average Home Value | $247,147 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
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Listed by: Kyle Holler • Tyler Knows Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078323