255 Iowa 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
Rental property for sale in Indianapolis at 255 Iowa St, Indianapolis, IN, 46225 priced at $122,900 pairs $1,656/mo rent with $918/mo cash flow after a $602/mo payment. Total monthly income equals $1,656/mo, and annual cash flow comes to $11,013/yr on $40,741 invested. Return on cash invested is 46.94% in year one, and rental yield stands at 16.17% on a $122,900 basis. Equity gained on principal adds $793/yr, and 5% annual appreciation accumulates to $33,955 by year five. Five-year ROI measures 247.58% and total cumulative return in cash reaches $100,866. For financing, Ziffy Mortgage’s DSCR program evaluates $1,656/mo property income against a $602/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
4,356 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: Scott White • Apex Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063230