248 W Morris StIndianapolisIN46225
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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 248 W Morris St, Indianapolis, IN, 46225 with 5% annual appreciation on a $121,000 basis while $947/mo rent supports operations. Total monthly income totals $947/mo and a $592/mo payment preserves $221/mo for cash returns. Annual cash flow comes to $2,651/yr on $40,112 deployed, and return on cash invested reaches 26.52% in year one. Equity gained on principal adds $781/yr, and five-year appreciation sums $33,430 alongside rental yield of 9.39%. Five-year ROI measures 138.03% and total cumulative return in cash totals $55,365.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $947/mo property income versus a $592/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46225, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,209 (100%) |
| Owner Occupied HU | 1,243 (38.7%) |
| Renter Occupied HU | 1,373 (42.8%) |
| Vacant Housing Units | 593 (18.5%) |
| Median Home Value | $163,267 |
| Average Home Value | $214,771 |
Housing Distribution
Address Breakdown
Residential
3,085
Single Family
2,661
Multi-Family
424
Businesses
504
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Listed by: Joseph Wootan • Listwithfreedom.com
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054397