2045 Cornell AveIndianapolisIN46202
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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 2045 Cornell Ave, Indianapolis, IN, 46202 earns $40/mo cash flow from $2,500/mo rent with a $2,006/mo payment. Total monthly income totals $2,500/mo, and annual cash flow totals $476/yr on $135,882 capital. ROI tracks 20.26% on current figures, and rental yield reads 7.32% at a $409,900 purchase. Equity gained on principal adds $2,645/yr, and 5% annual appreciation supports $113,248 over five years. Five-year ROI reaches 104.48% and total cumulative return in cash sums $141,976. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,500/mo property income instead of your personal income.
Single Family
Built in 2021
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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Listed by: Robert Gomez • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055618