215 S Warman AveIndianapolisIN46222
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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 215 S Warman Ave, Indianapolis, IN, 46222 with 5% annual appreciation on a $130,000 basis while $986/mo rent supports operations. Total monthly income totals $986/mo and a $636/mo payment preserves $206/mo for cash returns. Annual cash flow comes to $2,471/yr on $43,095 deployed, and return on cash invested reaches 25.64% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.1%. Five-year ROI measures 133.33% and total cumulative return in cash totals $57,459.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $986/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: Alfonso Andolz • Steve Lew Real Estate Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066980