1946 N Euclid Ave, Indianapolis, IN, 46218 | $540/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1946 N Euclid Ave, Indianapolis, IN, 46218 | $540/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 1946 N Euclid Ave, Indianapolis, IN, 46218 uses $59,637 cash to close to unlock $6,475/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $881/mo payment keeps the spread at $540/mo. Purchase price stands at $179,900, and rental yield measures 10.81% with $1,620/mo rent. Return on cash invested shows 30.77% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 160.85% and total cumulative return in cash records $95,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $881/mo payment rather than investor’s personal income.

Single Family

Built in 1950

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Single family residence currently split into 2 potential cash flowing units (Unit A and B). This home will need some minor cosmetics to make turn-key but has the potential to have 3-4 rentable units. The home has a front unit made up of 1 bed and 1 bath. The rear unit is an efficiency. Construction has started in the basement for the potential of a 3rd unit. There is a bathroom already located in the basement. The garage is also in the process of construction for a potential 4th unit. In the past, the 2 units on the main level were rented at $700 and $850 each. Great chance for an investor "house hack" with room for improvements on rent values.

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