2304 Brightwell Pl, Indianapolis, IN, 46260 | $213/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2304 Brightwell Pl, Indianapolis, IN, 46260 | $213/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 2304 Brightwell Pl, Indianapolis, IN, 46260 uses $81,218 cash to close to unlock $2,562/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,684/mo, and a $1,199/mo payment keeps the spread at $213/mo. Purchase price stands at $245,000, and rental yield measures 8.25% with $1,684/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 119.53% and total cumulative return in cash records $97,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,684/mo property income covering a $1,199/mo payment rather than investor’s personal income.

Condo

Built in 2005

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled at 2304 Brightwell PL, INDIANAPOLIS, IN, this Townhome offers an exceptional living experience, presenting a harmonious blend of comfort and convenience. The heart of this townhome is undoubtedly its array of bathrooms, designed to cater to both residents and guests with ease. Two full bathrooms offer private sanctuaries for personal care, while an additional half bathroom provides added convenience for visitors. These spaces provide a comforting and private atmosphere. This townhome, constructed in 2005, offers a total of three bedrooms, providing ample space for rest and rejuvenation. The bedrooms are designed to provide a space to unwind, offering a peaceful retreat from the hustle and bustle of daily life. The generous square footage of 1581 square feet of living area complements the 4487 square feet lot area, ensuring a comfortable and spacious environment. This two-story townhome has new flooring and is freshly painted throughout, providing an inviting atmosphere and an amazing space to call home.

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