242 Lansdowne RdIndianapolisIN46234
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
Investment Highlights
Rental property for sale in Indianapolis at 242 Lansdowne Rd, Indianapolis, IN, 46234 offers $1,532/mo rent that, after a $1,076/mo payment, leaves $212/mo cash flow. Total monthly income is $1,532/mo, and annual cash flow is $2,547/yr on $72,897 cash. Return on cash invested measures 23.4% in year one, and rental yield stands at 8.36% at a $219,900 entry. Equity gained on principal adds $1,419/yr while 5% annual appreciation compounds into $60,754 by year five. Five-year ROI records 121.39% and total cumulative return in cash reaches $88,492. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,532/mo property income versus a $1,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46234, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,019 (100%) |
| Owner Occupied HU | 8,100 (73.5%) |
| Renter Occupied HU | 2,451 (22.2%) |
| Vacant Housing Units | 468 ( 4.2%) |
| Median Home Value | $251,325 |
| Average Home Value | $279,530 |
Housing Distribution
Address Breakdown
Residential
11,139
Single Family
10,377
Multi-Family
762
Businesses
320
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Listed by: Zachary Purdy • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055113