218 S Walcott StIndianapolisIN46201
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
Rental property for sale in Indianapolis at 218 S Walcott St, Indianapolis, IN, 46201 offers $1,324/mo rent that, after a $857/mo payment, leaves $273/mo cash flow. Total monthly income is $1,324/mo, and annual cash flow is $3,276/yr on $58,013 cash. Return on cash invested measures 25.56% in year one, and rental yield stands at 9.08% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 132.96% and total cumulative return in cash reaches $77,131. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,324/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,356 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: Paul Gorrell • CrestPoint Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063540