246 N Belleview PlIndianapolisIN46222
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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 246 N Belleview Pl, Indianapolis, IN, 46222 priced at $199,900 pairs $1,548/mo rent with $348/mo cash flow after a $978/mo payment. Total monthly income equals $1,548/mo, and annual cash flow comes to $4,181/yr on $66,267 invested. Return on cash invested is 26.22% in year one, and rental yield stands at 9.29% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 136.45% and total cumulative return in cash reaches $90,421. For financing, Ziffy Mortgage’s DSCR program evaluates $1,548/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: Deron Rueff • Rueff Top Properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060275