1837 W Wilkins StIndianapolisIN46221
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 1837 W Wilkins St, Indianapolis, IN, 46221 offers a 9.28% rental yield on a $150,000 purchase with $1,160/mo rent. Total monthly income registers $1,160/mo, and a $734/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,117/yr on $49,725 to close, and return on cash invested stands at 26.18% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 136.24% and total cumulative return in cash at $67,746. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,160/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46221, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,205 (100%) |
| Owner Occupied HU | 6,485 (57.9%) |
| Renter Occupied HU | 3,906 (34.9%) |
| Vacant Housing Units | 814 ( 7.3%) |
| Median Home Value | $209,976 |
| Average Home Value | $214,246 |
Housing Distribution
Address Breakdown
Residential
10,643
Single Family
10,523
Multi-Family
120
Businesses
359
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Colvin • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081679