1938 N Dearborn StIndianapolisIN46218
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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 1938 N Dearborn St, Indianapolis, IN, 46218 earns $168/mo cash flow from $844/mo rent with a $551/mo payment. Total monthly income totals $844/mo, and annual cash flow totals $2,020/yr on $37,294 capital. ROI tracks 25.32% on current figures, and rental yield reads 9% at a $112,500 purchase. Equity gained on principal adds $726/yr, and 5% annual appreciation supports $31,082 over five years. Five-year ROI reaches 131.78% and total cumulative return in cash sums $49,144. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $844/mo property income instead of your personal income.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,771 (100%) |
| Owner Occupied HU | 5,612 (38.0%) |
| Renter Occupied HU | 6,950 (47.1%) |
| Vacant Housing Units | 2,209 (15.0%) |
| Median Home Value | $94,245 |
| Average Home Value | $146,693 |
Housing Distribution
Address Breakdown
Residential
13,220
Single Family
12,746
Multi-Family
474
Businesses
864
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Listed by: Charlene Gaard • No Limit Real Estate, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22043774