2316 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 2316 Porter St, Indianapolis, IN, 46231 earns $195/mo cash flow from $795/mo rent with a $489/mo payment. Total monthly income totals $795/mo, and annual cash flow totals $2,342/yr on $33,150 capital. ROI tracks 26.97% on current figures, and rental yield reads 9.54% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 140.61% and total cumulative return in cash sums $46,612. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $795/mo property income instead of your personal income.
Single Family
Built in 1893
7,405 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: Garrett VaLeu • Better Homes and Gardens Real Estate Gold Key
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22049649