2921 E 18th StIndianapolisIN46218
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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 2921 E 18th St, Indianapolis, IN, 46218 offers a 12.44% rental yield on a $184,990 purchase with $1,918/mo rent. Total monthly income registers $1,918/mo, and a $905/mo payment leaves $808/mo available for distribution. Annual cash flow reaches $9,696/yr on $61,324 to close, and return on cash invested stands at 35.72% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,109 over five years. Portfolio math shows five-year ROI at 187.38% and total cumulative return in cash at $114,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,918/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1944
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,771 (100%) |
| Owner Occupied HU | 5,612 (38.0%) |
| Renter Occupied HU | 6,950 (47.1%) |
| Vacant Housing Units | 2,209 (15.0%) |
| Median Home Value | $94,245 |
| Average Home Value | $146,693 |
Housing Distribution
Address Breakdown
Residential
13,220
Single Family
12,746
Multi-Family
474
Businesses
864
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Listed by: Christine Saleeb • Trueblood Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080096