2418 Columbia AveIndianapolisIN46205
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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 2418 Columbia Ave, Indianapolis, IN, 46205 offers $1,313/mo rent that, after a $556/mo payment, leaves $492/mo cash flow. Total monthly income is $1,313/mo, and annual cash flow is $5,909/yr on $37,625 cash. Return on cash invested measures 35.61% in year one, and rental yield stands at 13.88% at a $113,500 entry. Equity gained on principal adds $732/yr while 5% annual appreciation compounds into $31,358 by year five. Five-year ROI records 188.54% and total cumulative return in cash reaches $70,938. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,313/mo property income versus a $556/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46205, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,386 (100%) |
| Owner Occupied HU | 6,340 (41.2%) |
| Renter Occupied HU | 7,347 (47.8%) |
| Vacant Housing Units | 1,699 (11.0%) |
| Median Home Value | $327,153 |
| Average Home Value | $356,950 |
Housing Distribution
Address Breakdown
Residential
13,374
Single Family
11,221
Multi-Family
2,153
Businesses
758
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