2247 W Coil StIndianapolisIN46260
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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 2247 W Coil St, Indianapolis, IN, 46260 generates $2,274/mo in rent and, after a $1,150/mo payment, leaves $864/mo in cash flow. Total monthly income is $2,274/mo, and annual cash flow is $10,364/yr on $77,869 invested. Return on cash invested sits at 33.22% in year one, and rental yield is 11.62% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 173.98% and total cumulative return in cash sums $135,477. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,274/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46260, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,842 (100%) |
| Owner Occupied HU | 7,029 (44.4%) |
| Renter Occupied HU | 7,577 (47.8%) |
| Vacant Housing Units | 1,236 ( 7.8%) |
| Median Home Value | $322,134 |
| Average Home Value | $385,713 |
Housing Distribution
Address Breakdown
Residential
15,242
Single Family
11,322
Multi-Family
3,920
Businesses
683
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Listed by: Gregory Hillman • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080734