2159 W 58th StIndianapolisIN46228
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
Investment Highlights
Investment property for sale in Indianapolis at 2159 W 58th St, Indianapolis, IN, 46228 uses $125,970 cash to close to unlock $5,218/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,860/mo payment keeps the spread at $435/mo. Purchase price stands at $380,000, and rental yield measures 8.58% with $2,716/mo rent. Return on cash invested shows 24.05% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 124.8% and total cumulative return in cash records $157,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.35 Acres lot
$N/A/sqft
No 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: Gabriela Pitts • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22042555