1738 Sonesta WayIndianapolisIN46217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1738 Sonesta Way, Indianapolis, IN, 46217 at $240,000 posts ROI 22.97% with $203/mo cash flow from $1,644/mo rent. Total monthly income equals $1,644/mo, and annual cash flow records $2,436/yr on $79,560 to close. Return on cash invested measures 22.97% and rental yield reads 8.22% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 119.02% and total cumulative return in cash totals $94,694.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,644/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2002
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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Nearby investment properties with comparable prices
Listed by: Staci Woods • Keller Williams Indy Metro NE
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052091