2008 Ruby BlvdIndianapolisIN46217
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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 2008 Ruby Blvd, Indianapolis, IN, 46217 uses $88,509 cash to close to unlock $5,965/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,307/mo payment keeps the spread at $497/mo. Purchase price stands at $266,995, and rental yield measures 9.44% with $2,100/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $73,766 over five years. Five-year ROI reaches 138.8% and total cumulative return in cash records $122,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Single Family
Built in 2025
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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Listed by: Alison McConnell • Ridgeline Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055669