261 S Sheridan AveIndianapolisIN46219
INVESTMENT ANALYSIS
Investment Verdict
Solid Income261 S Sheridan Ave, Indianapolis, IN, 46219 in Indianapolis is a solid income-producing rental, 9.33% gross yield, $1,158/mo rent, $264/mo net cash flow on a $149,000 buy. DSCR 1.73 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $41,166 and $1,372/yr in principal reduction project a total cumulative return of $73,348.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.8% |
| Monthly Cash Flow | $264 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,158 |
| Total Monthly Debt Service | $835 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1951
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Stewart • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22082416