2933 Caroline AveIndianapolisIN46218
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 2933 Caroline Ave, Indianapolis, IN, 46218 offers a 16.61% rental yield on a $100,000 purchase with $1,384/mo rent. Total monthly income registers $1,384/mo, and a $489/mo payment leaves $784/mo available for distribution. Annual cash flow reaches $9,410/yr on $33,150 to close, and return on cash invested stands at 48.29% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 254.93% and total cumulative return in cash at $84,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,384/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
6,969 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: Tony Reffeitt • Integrity Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077793