180 Megan WayIndianapolisIN46229
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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 180 Megan Way, Indianapolis, IN, 46229 earns from $2,191/mo rent with a $1,876/mo payment. Total monthly income totals $2,191/mo. ROI tracks 18.87% on current figures, and rental yield reads 6.86% at a $383,305 purchase. Equity gained on principal adds $2,473/yr, and 5% annual appreciation supports $105,900 over five years. Five-year ROI reaches 97.06% and total cumulative return in cash sums $123,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,191/mo property income instead of your personal income.
Single Family
Built in 2026
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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Listed by: Mollie Fraley • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079988