224 E 13th St UNIT GIndianapolisIN46202
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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 224 E 13th St UNIT G, Indianapolis, IN, 46202 earns $426/mo cash flow from $1,399/mo rent with a $793/mo payment. Total monthly income totals $1,399/mo, and annual cash flow totals $5,117/yr on $53,703 capital. ROI tracks 29.44% on current figures, and rental yield reads 10.36% at a $162,000 purchase. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 over five years. Five-year ROI reaches 153.74% and total cumulative return in cash sums $82,565. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,399/mo property income instead of your personal income.
Condo
Built in 1985
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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Listed by: Eric Lantz • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069795