2029 Reformers AveIndianapolisIN46203
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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 2029 Reformers Ave, Indianapolis, IN, 46203 generates $824/mo in rent and, after a $514/mo payment, leaves $194/mo in cash flow. Total monthly income is $824/mo, and annual cash flow is $2,323/yr on $34,808 invested. Return on cash invested sits at 26.58% in year one, and rental yield is 9.42% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 138.49% and total cumulative return in cash sums $48,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $824/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 8,432 (46.4%) |
| Renter Occupied HU | 7,696 (42.3%) |
| Vacant Housing Units | 2,055 (11.3%) |
| Median Home Value | $189,972 |
| Average Home Value | $247,147 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
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Listed by: Joshua O'Brien • O'Brien Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067820