2729 N Grassy Creek DrIndianapolisIN46229
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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 2729 N Grassy Creek Dr, Indianapolis, IN, 46229 earns $342/mo cash flow from $1,393/mo rent with a $857/mo payment. Total monthly income totals $1,393/mo, and annual cash flow totals $4,104/yr on $58,013 capital. ROI tracks 26.98% on current figures, and rental yield reads 9.55% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 140.61% and total cumulative return in cash sums $81,571. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,393/mo property income instead of your personal income.
Single Family
Built in 1987
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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Listed by: Joe Everhart • Everhart Studio, Ltd.
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064721