219 N Summit 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
Investment property for sale in Indianapolis at 219 N Summit St, Indianapolis, IN, 46201 at $280,000 posts ROI 22.23% with $180/mo cash flow from $1,860/mo rent. Total monthly income equals $1,860/mo, and annual cash flow records $2,156/yr on $92,820 to close. Return on cash invested measures 22.23% and rental yield reads 7.97% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 115.04% and total cumulative return in cash totals $106,785.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,860/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
5,227 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: DeAnna Murphy • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078855