2227 Van Ness PlIndianapolisIN46240
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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 2227 Van Ness Pl, Indianapolis, IN, 46240 uses $104,091 cash to close to unlock $7,092/yr annual cash flow and $591/mo monthly cash flow. Total monthly income runs $2,476/mo, and a $1,537/mo payment keeps the spread at $591/mo. Purchase price stands at $314,000, and rental yield measures 9.46% with $2,476/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $86,752 over five years. Five-year ROI reaches 139.12% and total cumulative return in cash records $144,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $1,537/mo payment rather than investor’s personal income.
Single Family
Built in 1986
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
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Listed by: Gary Swift • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22068938