2320 Whispering WayIndianapolisIN46239
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2320 Whispering Way, Indianapolis, IN, 46239 in Indianapolis is a solid income-producing rental, 8.74% gross yield, $4,513/mo rent, $791/mo net cash flow on a $620,000 buy. DSCR 1.62 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $171,295 and $5,710/yr in principal reduction project a total cumulative return of $285,504.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.8% |
| Monthly Cash Flow | $791 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,513 |
| Total Monthly Debt Service | $3,475 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2000
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cameron Mason • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22048169