2206 Boston Ct APT BIndianapolisIN46228
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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
Rental property for sale in Indianapolis at 2206 Boston Ct APT B, Indianapolis, IN, 46228 generates $1,609/mo in rent and, after a $819/mo payment, leaves $522/mo in cash flow. Total monthly income is $1,609/mo, and annual cash flow is $6,265/yr on $55,460 invested. Return on cash invested sits at 31.2% in year one, and rental yield is 11.54% on a $167,300 entry. Equity gained on principal adds $1,080/yr, while 5% annual appreciation builds toward $46,222 over five years. Five-year ROI reaches 163.9% and total cumulative return in cash sums $90,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,609/mo property income rather than buyer’s personal income.
Condo
Built in 1971
4,094 sqft lot
$N/A/sqft
$46 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
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