1954 N Exeter AveIndianapolisIN46222
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
Rental property for sale in Indianapolis at 1954 N Exeter Ave, Indianapolis, IN, 46222 generates $949/mo in rent and, after a $580/mo payment, leaves $238/mo in cash flow. Total monthly income is $949/mo, and annual cash flow is $2,852/yr on $39,283 invested. Return on cash invested sits at 27.17% in year one, and rental yield is 9.61% on a $118,500 entry. Equity gained on principal adds $765/yr, while 5% annual appreciation builds toward $32,739 over five years. Five-year ROI reaches 141.57% and total cumulative return in cash sums $55,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $949/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kent Smith • Ledford Wright Real Estate Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064250