230 E 9th St APT 611IndianapolisIN46204
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Indianapolis rental at 230 E 9th St APT 611, Indianapolis, IN, 46204 sits in the solid-income band: 9.29% gross yield, $1,013/mo rent, $227/mo net after the $589/mo debt service, DSCR 1.72. Entry price of $130,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $36,165 and $1,206/yr in principal reduction bring total cumulative return to $64,116.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.8% |
| Monthly Cash Flow | $227 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,013 |
| Total Monthly Debt Service | $734 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1928
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1928
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Claire Stitz • Match House Realty Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058921