2105 N Meridian St UNIT 400IndianapolisIN46202
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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 2105 N Meridian St UNIT 400, Indianapolis, IN, 46202 listed at $562,300 pairs $3,588/mo rent with a $2,752/mo payment. Total monthly income runs $3,588/mo. Return on cash invested measures 17.56% in year one, and rental yield registers 7.66% at a $562,300 basis. Equity gained on principal adds $3,628/yr, and annual property appreciation at 5% supports $155,353 by year five. Five-year ROI tracks 91.38% and total cumulative return in cash totals $169,051. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,588/mo property income relative to a $2,752/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
2,966 sqft lot
$N/A/sqft
$24 monthly 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: N/A • N/A
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