2135 College 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 2135 College Ave, Indianapolis, IN, 46202 uses $125,970 cash to close to unlock $9,034/yr annual cash flow and $753/mo monthly cash flow. Total monthly income runs $3,034/mo, and a $1,860/mo payment keeps the spread at $753/mo. Purchase price stands at $380,000, and rental yield measures 9.58% with $3,034/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 141.05% and total cumulative return in cash records $177,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,034/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
1,306 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: Sherry Soforic • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056221