196 Bakemeyer StIndianapolisIN46225
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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
Rental property for sale in Indianapolis at 196 Bakemeyer St, Indianapolis, IN, 46225 priced at $171,700 converts $2,560/mo rent into $1,530/mo cash flow after a $840/mo obligation. Total monthly income equals $2,560/mo, and annual cash flow totals $18,356/yr on $56,919 invested. Return on cash invested prints 52.16% in year one, and rental yield reads 17.89% against a $171,700 entry. Equity gained on principal adds $1,108/yr, while 5% annual appreciation compiles into $47,438 by year five. Five-year ROI reaches 275.56% and total cumulative return in cash sums $156,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,560/mo property income covering a $840/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46225, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,209 (100%) |
| Owner Occupied HU | 1,243 (38.7%) |
| Renter Occupied HU | 1,373 (42.8%) |
| Vacant Housing Units | 593 (18.5%) |
| Median Home Value | $163,267 |
| Average Home Value | $214,771 |
Housing Distribution
Address Breakdown
Residential
3,085
Single Family
2,661
Multi-Family
424
Businesses
504
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Nearby investment properties with comparable prices
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