1640 Walpole Way, Indianapolis, IN, 46231 | $503/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1640 Walpole Way, Indianapolis, IN, 46231 | $503/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 1640 Walpole Way, Indianapolis, IN, 46231 uses $120,998 cash to close to unlock $6,042/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $2,694/mo, and a $1,786/mo payment keeps the spread at $503/mo. Purchase price stands at $365,000, and rental yield measures 8.86% with $2,694/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 129.38% and total cumulative return in cash records $156,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,694/mo property income covering a $1,786/mo payment rather than investor’s personal income.

Single Family

Built in 2002

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Wayne Township! Step in off the covered front porch into this 4 bedroom home offering a place for everyone. Main level gives you two living spaces, formal dining room, a separte office AND a spacious sunroom that has heat and cooling to enjoy all year round. Bamboo floors in the living room with a gas fireplace gives a cozy feel. Upstairs are 4 roomy bedrooms with walk-in closets. Backyard gives you privacy with a 6' beautiful, white vinyl fence and a deck to sit and chill or entertain on. Don't forget abou the basement ready for your personal touch and design. There are an abundace of electrical outlets throughout the home as well as outlets in the eaves outside the front for hanging lights and is controlled by an indoor light switch makong it easy peasy to turn on and off. Easy access to Plainfield, Avon, I465 as well as I70.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46231, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,085 (100%)
Owner Occupied HU	2,961 (72.5%)
Renter Occupied HU	1,002 (24.5%)
Vacant Housing Units	122 ( 3.0%)
Median Home Value	$225,853
Average Home Value	$255,165