1606 Asbury StIndianapolisIN46203
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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 1606 Asbury St, Indianapolis, IN, 46203 uses $53,007 cash to close to unlock $3,393/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,243/mo, and a $783/mo payment keeps the spread at $283/mo. Purchase price stands at $159,900, and rental yield measures 9.33% with $1,243/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 136.95% and total cumulative return in cash records $72,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,243/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1926
3,484 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: Nicole Johnson • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22040670