258 N 16th AveBeech GroveIN46107
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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 Beech Grove at 258 N 16th Ave, Beech Grove, IN, 46107 offers a 9.11% rental yield on a $197,500 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $967/mo payment leaves $314/mo available for distribution. Annual cash flow reaches $3,769/yr on $65,471 to close, and return on cash invested stands at 25.67% in year one. Equity gained on principal adds $1,274/yr while 5% annual appreciation supports $54,566 over five years. Portfolio math shows five-year ROI at 133.53% and total cumulative return in cash at $87,423. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $967/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,514 (57.1%) |
| Renter Occupied HU | 2,355 (38.2%) |
| Vacant Housing Units | 290 ( 4.7%) |
| Median Home Value | $203,816 |
| Average Home Value | $235,733 |
Housing Distribution
Address Breakdown
Residential
5,707
Single Family
4,805
Multi-Family
902
Businesses
336
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Listed by: Patrick Daves • BluPrint Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072383