186 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 186 Megan Way, Indianapolis, IN, 46229 listed at $504,817 pairs $2,566/mo rent with a $2,471/mo payment. Total monthly income runs $2,566/mo. Return on cash invested measures 14.88% in year one, and rental yield registers 6.1% at a $504,817 basis. Equity gained on principal adds $3,258/yr, and annual property appreciation at 5% supports $139,472 by year five. Five-year ROI tracks 76.29% and total cumulative return in cash totals $126,704. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,566/mo property income relative to a $2,471/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
9,100 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: N/A • Olthof Homes
Mls Name: Olthof Homes
Mls Provider:
Mls ID: #N/A