1809 N Norfolk StIndianapolisIN46224
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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 1809 N Norfolk St, Indianapolis, IN, 46224 uses $97,793 cash to close to unlock $2,160/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,951/mo, and a $1,444/mo payment keeps the spread at $180/mo. Purchase price stands at $295,000, and rental yield measures 7.94% with $1,951/mo rent. Return on cash invested shows 22.12% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash records $111,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,951/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46224, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,718 (100%) |
| Owner Occupied HU | 5,314 (31.8%) |
| Renter Occupied HU | 10,069 (60.2%) |
| Vacant Housing Units | 1,335 ( 8.0%) |
| Median Home Value | $219,316 |
| Average Home Value | $244,925 |
Housing Distribution
Address Breakdown
Residential
15,453
Single Family
12,751
Multi-Family
2,702
Businesses
670
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