2623 Country Estates Dr #13IndianapolisIN46227
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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 2623 Country Estates Dr #13, Indianapolis, IN, 46227 uses $58,012 cash to close to unlock $2,100/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $1,226/mo, and a $857/mo payment keeps the spread at $175/mo. Purchase price stands at $174,999, and rental yield measures 8.41% with $1,226/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 122.1% and total cumulative return in cash records $70,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,226/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1973
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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Listed by: Kathy Arsenault • Arsenault Group Realty, Inc.
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063485