241 N Pershing AveIndianapolisIN46222
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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 241 N Pershing Ave, Indianapolis, IN, 46222 offers a 11.11% rental yield on a $184,000 purchase with $1,704/mo rent. Total monthly income registers $1,704/mo, and a $901/mo payment leaves $599/mo available for distribution. Annual cash flow reaches $7,189/yr on $60,996 to close, and return on cash invested stands at 31.69% in year one. Equity gained on principal adds $1,187/yr while 5% annual appreciation supports $50,836 over five years. Portfolio math shows five-year ROI at 165.87% and total cumulative return in cash at $101,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,704/mo property income against a $901/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: Matthew Jones • The Modglin Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072549