2835 S State AveIndianapolisIN46203
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
Investment Highlights
Investment property for sale in Indianapolis at 2835 S State Ave, Indianapolis, IN, 46203 uses $59,637 cash to close to unlock $3,871/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $1,403/mo, and a $881/mo payment keeps the spread at $323/mo. Purchase price stands at $179,900, and rental yield measures 9.36% with $1,403/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 137.45% and total cumulative return in cash records $81,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,403/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 8,432 (46.4%) |
| Renter Occupied HU | 7,696 (42.3%) |
| Vacant Housing Units | 2,055 (11.3%) |
| Median Home Value | $189,972 |
| Average Home Value | $247,147 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy Placencia • Red Bridge Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080834