2515 S Lockburn StIndianapolisIN46241
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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 2515 S Lockburn St, Indianapolis, IN, 46241 offers $1,930/mo rent that, after a $527/mo payment, leaves $1,158/mo cash flow. Total monthly income is $1,930/mo, and annual cash flow is $13,898/yr on $35,703 cash. Return on cash invested measures 58.84% in year one, and rental yield stands at 21.5% at a $107,700 entry. Equity gained on principal adds $695/yr while 5% annual appreciation compounds into $29,756 by year five. Five-year ROI records 313.01% and total cumulative return in cash reaches $111,753. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,930/mo property income versus a $527/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
10,367 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
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