2315 Spann Ave, Indianapolis, IN, 46203 | $616/mo Cash Flow

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 2315 Spann Ave, Indianapolis, IN, 46203 listed at $179,900 pairs $1,696/mo rent with a $881/mo payment to leave $616/mo cash flow. Total monthly income runs $1,696/mo, and annual cash flow reaches $7,387/yr on $59,637 cash to close. Return on cash invested measures 32.3% in year one, and rental yield registers 11.31% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 169.04% and total cumulative return in cash totals $100,809. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,696/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1950

5,662 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,183 (100%)
Owner Occupied HU	8,432 (46.4%)
Renter Occupied HU	7,696 (42.3%)
Vacant Housing Units	2,055 (11.3%)
Median Home Value	$189,972
Average Home Value	$247,147