2426 Fairhope DrIndianapolisIN46227
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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 2426 Fairhope Dr, Indianapolis, IN, 46227 priced at $215,400 converts $1,757/mo rent into $400/mo cash flow after a $1,054/mo obligation. Total monthly income equals $1,757/mo, and annual cash flow totals $4,804/yr on $71,405 invested. Return on cash invested prints 26.64% in year one, and rental yield reads 9.79% against a $215,400 entry. Equity gained on principal adds $1,390/yr, while 5% annual appreciation compiles into $59,511 by year five. Five-year ROI reaches 139.09% and total cumulative return in cash sums $99,319. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,757/mo property income covering a $1,054/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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