2232 W 58th StIndianapolisIN46228
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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 2232 W 58th St, Indianapolis, IN, 46228 uses $59,637 cash to close to unlock $3,415/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,365/mo, and a $881/mo payment keeps the spread at $285/mo. Purchase price stands at $179,900, and rental yield measures 9.11% with $1,365/mo rent. Return on cash invested shows 25.64% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 133.32% and total cumulative return in cash records $79,509. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,365/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1934
6,098 sqft 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
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Listed by: Samuel Barron • Barron Property Services
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22074520