2449 Chaseway CtIndianapolisIN46268
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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 2449 Chaseway Ct, Indianapolis, IN, 46268 generates $1,765/mo in rent and, after a $959/mo payment, leaves $589/mo in cash flow. Total monthly income is $1,765/mo, and annual cash flow is $7,066/yr on $64,941 invested. Return on cash invested sits at 30.79% in year one, and rental yield is 10.81% on a $195,900 entry. Equity gained on principal adds $1,264/yr, while 5% annual appreciation builds toward $54,124 over five years. Five-year ROI reaches 160.95% and total cumulative return in cash sums $104,525. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,765/mo property income rather than buyer’s personal income.
Condo
Built in 1982
2,613 sqft 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: Robert Davenport • Plum Tree Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22074864