1560 N College AveIndianapolisIN46202
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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 1560 N College Ave, Indianapolis, IN, 46202 generates $3,634/mo in rent and, after a $2,109/mo payment, leaves $1,047/mo in cash flow. Total monthly income is $3,634/mo, and annual cash flow is $12,569/yr on $142,843 invested. Return on cash invested sits at 28.71% in year one, and rental yield is 10.12% on a $430,900 entry. Equity gained on principal adds $2,781/yr, while 5% annual appreciation builds toward $119,050 over five years. Five-year ROI reaches 149.79% and total cumulative return in cash sums $213,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,634/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
1,158 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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