1531 Spann 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 1531 Spann Ave, Indianapolis, IN, 46203 uses $209,935 cash to close to unlock $8,817/yr annual cash flow and $735/mo monthly cash flow. Total monthly income runs $4,565/mo, and a $3,123/mo payment keeps the spread at $735/mo. Purchase price stands at $638,100, and rental yield measures 8.58% with $4,565/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $176,295 over five years. Five-year ROI reaches 125.89% and total cumulative return in cash records $264,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,565/mo property income covering a $3,123/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A