2120 Wynnedale Rd, Indianapolis, IN, 46228 | 6.54% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2120 Wynnedale Rd, Indianapolis, IN, 46228 | 6.54% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,099/mo, and a $1,884/mo payment. Purchase price stands at $385,000, and rental yield measures 6.54% with $2,099/mo rent. Return on cash invested shows 17.92% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 91.94% and total cumulative return in cash records $117,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,099/mo property income covering a $1,884/mo payment rather than investor’s personal income.

Single Family

Built in 1956

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully updated mid-century gem in the heart of Wynnedale! Nestled on a spacious, private lot, this stunning home features a chef-inspired kitchen complete with an Italian 6 burner gas range, handmade tile backsplash, oversized ceramic farmhouse sink, walnut countertops and premium finishes from Restoration Hardware. Expansive front and rear windows fill the home with natural light, highlighting the sleek low-profile LED lighting, hardwood floors, and modernized main-level bathroom. The versatile upper level includes the spacious primary suite and loft space that could be used as a second living room, creative studio, or home office above the attached two-car garage. Enjoy peaceful outdoor living on the covered patio, upper-level balcony, or serene flagstone patio surrounded by mature landscaping. Located just minutes from downtown, near Butler University, the unique 24-acre Fitness Farm, and within Washington Township Schools-this is a rare opportunity you won't want to miss!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46228, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,548 (100%)
Owner Occupied HU	4,890 (74.7%)
Renter Occupied HU	1,291 (19.7%)
Vacant Housing Units	367 ( 5.6%)
Median Home Value	$280,470
Average Home Value	$332,219