2141 Rome Dr APT BIndianapolisIN46228
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 2141 Rome Dr APT B, Indianapolis, IN, 46228 in Indianapolis achieves 1.78, rent of $1,238/mo covers the $697/mo payment 1.5x over at $154,900. Rental yield 9.19%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $42,796 over five years, with $1,427/yr in principal reduction bringing total projected return to $53,913.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.8% |
| Monthly Cash Flow | $(153) | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,238 |
| Total Monthly Debt Service | $1,277 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
3,920 sqft lot
$N/A/sqft
$364 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,768
Multi-Family
528
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1971
3,920 sqft lot
$N/A/sqft
$364 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,768
Multi-Family
528
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roger Haag • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22034707
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-28 08:12:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)