2424 W 66th StIndianapolisIN46268
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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 2424 W 66th St, Indianapolis, IN, 46268 uses $56,355 cash to close to unlock $4,111/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,363/mo, and a $832/mo payment keeps the spread at $343/mo. Purchase price stands at $170,000, and rental yield measures 9.62% with $1,363/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 141.75% and total cumulative return in cash records $79,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,363/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46268, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,785 (100%) |
| Owner Occupied HU | 5,780 (45.2%) |
| Renter Occupied HU | 6,292 (49.2%) |
| Vacant Housing Units | 713 ( 5.6%) |
| Median Home Value | $245,536 |
| Average Home Value | $279,210 |
Housing Distribution
Address Breakdown
Residential
12,154
Single Family
8,633
Multi-Family
3,521
Businesses
1,956
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Listed by: Richard Graham • JMG Indiana
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075552