2301 Porter StIndianapolisIN46231
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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 2301 Porter St, Indianapolis, IN, 46231 uses $72,897 cash to close to unlock $6,759/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $1,883/mo, and a $1,076/mo payment keeps the spread at $563/mo. Purchase price stands at $219,900, and rental yield measures 10.28% with $1,883/mo rent. Return on cash invested shows 29.18% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 152.37% and total cumulative return in cash records $111,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,883/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46231, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,085 (100%) |
| Owner Occupied HU | 2,961 (72.5%) |
| Renter Occupied HU | 1,002 (24.5%) |
| Vacant Housing Units | 122 ( 3.0%) |
| Median Home Value | $225,853 |
| Average Home Value | $255,165 |
Housing Distribution
Address Breakdown
Residential
3,748
Single Family
3,617
Multi-Family
131
Businesses
191
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Listed by: Tyler Lingle • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056660