2420 Indianapolis AveIndianapolisIN46208
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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 2420 Indianapolis Ave, Indianapolis, IN, 46208 listed at $149,999 pairs $1,468/mo rent with a $734/mo payment to leave $568/mo cash flow. Total monthly income runs $1,468/mo, and annual cash flow reaches $6,813/yr on $49,725 cash to close. Return on cash invested measures 33.61% in year one, and rental yield registers 11.74% at a $149,999 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 176.11% and total cumulative return in cash totals $87,570. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,468/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46208, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,258 (100%) |
| Owner Occupied HU | 4,075 (39.7%) |
| Renter Occupied HU | 4,483 (43.7%) |
| Vacant Housing Units | 1,700 (16.6%) |
| Median Home Value | $256,783 |
| Average Home Value | $310,376 |
Housing Distribution
Address Breakdown
Residential
9,990
Single Family
7,995
Multi-Family
1,995
Businesses
624
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Listed by: Abigaly Rangel • Epique Inc
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22051195