247 Hendricks PlIndianapolisIN46201
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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 247 Hendricks Pl, Indianapolis, IN, 46201 with 5% annual appreciation on a $245,750 basis while $1,651/mo rent supports operations. Total monthly income totals $1,651/mo and a $1,203/mo payment preserves $176/mo for cash returns. Annual cash flow comes to $2,107/yr on $81,466 deployed, and return on cash invested reaches 22.5% in year one. Equity gained on principal adds $1,586/yr, and five-year appreciation sums $67,896 alongside rental yield of 8.06%. Five-year ROI measures 116.49% and total cumulative return in cash totals $94,904.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,651/mo property income versus a $1,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Housing Distribution
Address Breakdown
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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Listed by: Andres Rodriguez • Rodriguez Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061354