2358 Colfax LnIndianapolisIN46260
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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 2358 Colfax Ln, Indianapolis, IN, 46260 uses $81,184 cash to close to unlock $3,319/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,747/mo, and a $1,199/mo payment keeps the spread at $277/mo. Purchase price stands at $244,900, and rental yield measures 8.56% with $1,747/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 124.54% and total cumulative return in cash records $101,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,747/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 2005
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46260, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,842 (100%) |
| Owner Occupied HU | 7,029 (44.4%) |
| Renter Occupied HU | 7,577 (47.8%) |
| Vacant Housing Units | 1,236 ( 7.8%) |
| Median Home Value | $322,134 |
| Average Home Value | $385,713 |
Housing Distribution
Address Breakdown
Residential
15,242
Single Family
11,322
Multi-Family
3,920
Businesses
683
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Listed by: David Landau • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079445