230 E 9th St APT 502IndianapolisIN46204
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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 230 E 9th St APT 502, Indianapolis, IN, 46204 uses $53,040 cash to close to unlock $3,416/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,245/mo, and a $783/mo payment keeps the spread at $285/mo. Purchase price stands at $160,000, and rental yield measures 9.34% with $1,245/mo rent. Return on cash invested shows 26.35% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 137.17% and total cumulative return in cash records $72,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,245/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1907
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
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Listed by: Amanda Wade • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22030113