1822 Central AveIndianapolisIN46202
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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
Rental property for sale in Indianapolis at 1822 Central Ave, Indianapolis, IN, 46202 offers $4,438/mo rent that, after a $4,601/mo payment. Total monthly income is $4,438/mo. Return on cash invested measures 15.39% in year one, and rental yield stands at 5.67% at a $940,000 entry. Equity gained on principal adds $6,066/yr while 5% annual appreciation compounds into $259,705 by year five. Five-year ROI records 78.31% and total cumulative return in cash reaches $242,178. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,438/mo property income versus a $4,601/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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Listed by: Mitch Rolsky • To Help U Move Inc
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079618