2945 S Lockburn StIndianapolisIN46241
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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 2945 S Lockburn St, Indianapolis, IN, 46241 uses $67,295 cash to close to unlock $11,808/yr annual cash flow and $984/mo monthly cash flow. Total monthly income runs $2,250/mo, and a $994/mo payment keeps the spread at $984/mo. Purchase price stands at $203,000, and rental yield measures 13.3% with $2,250/mo rent. Return on cash invested shows 37.46% in year one, and 5% annual appreciation builds toward $56,085 over five years. Five-year ROI reaches 196.99% and total cumulative return in cash records $132,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,250/mo property income covering a $994/mo payment rather than investor’s personal income.
Single Family
Built in 1935
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
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