1720 N Gladstone AveIndianapolisIN46218
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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 1720 N Gladstone Ave, Indianapolis, IN, 46218 uses $46,410 cash to close to unlock $4,342/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,202/mo, and a $685/mo payment keeps the spread at $362/mo. Purchase price stands at $140,000, and rental yield measures 10.3% with $1,202/mo rent. Return on cash invested shows 29.26% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 152.78% and total cumulative return in cash records $70,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,202/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,771 (100%) |
| Owner Occupied HU | 5,612 (38.0%) |
| Renter Occupied HU | 6,950 (47.1%) |
| Vacant Housing Units | 2,209 (15.0%) |
| Median Home Value | $94,245 |
| Average Home Value | $146,693 |
Housing Distribution
Address Breakdown
Residential
13,220
Single Family
12,746
Multi-Family
474
Businesses
864
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Listed by: Salai Lungngam • CrossRoads Link Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059123