214 N Forest AveIndianapolisIN46201
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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 214 N Forest Ave, Indianapolis, IN, 46201 uses $44,753 cash to close to unlock $2,200/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $994/mo, and a $661/mo payment keeps the spread at $183/mo. Purchase price stands at $135,000, and rental yield measures 8.84% with $994/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 129.06% and total cumulative return in cash records $57,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $661/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Housing Distribution
Address Breakdown
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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Listed by: Kristina Guerrero Neace • Crossroads Real Estate Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071137