2329 Shelby StIndianapolisIN46203
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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
Rental property for sale in Indianapolis at 2329 Shelby St, Indianapolis, IN, 46203 priced at $128,200 converts $2,350/mo rent into $1,581/mo cash flow after a $627/mo obligation. Total monthly income equals $2,350/mo, and annual cash flow totals $18,971/yr on $42,498 invested. Return on cash invested prints 64.55% in year one, and rental yield reads 22% against a $128,200 entry. Equity gained on principal adds $827/yr, while 5% annual appreciation compiles into $35,419 by year five. Five-year ROI reaches 341.95% and total cumulative return in cash sums $145,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,350/mo property income covering a $627/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A 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 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
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Nearby investment properties with comparable prices
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