231 Legends Creek Pl APT 102IndianapolisIN46229
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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 231 Legends Creek Pl APT 102, Indianapolis, IN, 46229 earns $189/mo cash flow from $1,180/mo rent with a $808/mo payment. Total monthly income totals $1,180/mo, and annual cash flow totals $2,269/yr on $54,698 capital. ROI tracks 24.06% on current figures, and rental yield reads 8.58% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 124.92% and total cumulative return in cash sums $68,327. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,180/mo property income instead of your personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No 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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Listed by: Jason Justak • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072785