230 Legends Creek Way APT 207IndianapolisIN46229
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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 230 Legends Creek Way APT 207, Indianapolis, IN, 46229 generates $1,799/mo in rent and, after a $719/mo payment, leaves $688/mo in cash flow. Total monthly income is $1,799/mo, and annual cash flow is $8,262/yr on $48,731 invested. Return on cash invested sits at 36.86% in year one, and rental yield is 14.69% on a $147,000 entry. Equity gained on principal adds $949/yr, while 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 195.6% and total cumulative return in cash sums $95,316. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,799/mo property income rather than buyer’s personal income.
Condo
Built in 2003
871 sqft lot
$N/A/sqft
$202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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