3021 Eastern AveIndianapolisIN46218
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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
Rental property for sale in Indianapolis at 3021 Eastern Ave, Indianapolis, IN, 46218 priced at $145,900 pairs $1,414/mo rent with $538/mo cash flow after a $714/mo payment. Total monthly income equals $1,414/mo, and annual cash flow comes to $6,460/yr on $48,366 invested. Return on cash invested is 33.26% in year one, and rental yield stands at 11.63% on a $145,900 basis. Equity gained on principal adds $941/yr, and 5% annual appreciation accumulates to $40,309 by year five. Five-year ROI measures 174.3% and total cumulative return in cash reaches $84,303. For financing, Ziffy Mortgage’s DSCR program evaluates $1,414/mo property income against a $714/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
7,405 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: N/A • N/A
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