3038 Baltimore 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
Investment property for sale in Indianapolis at 3038 Baltimore Ave, Indianapolis, IN, 46218 listed at $119,850 pairs $916/mo rent with a $587/mo payment to leave $196/mo cash flow. Total monthly income runs $916/mo, and annual cash flow reaches $2,354/yr on $39,730 cash to close. Return on cash invested measures 25.83% in year one, and rental yield registers 9.17% at a $119,850 basis. Equity gained on principal adds $773/yr, and annual property appreciation at 5% supports $33,112 by year five. Five-year ROI tracks 134.49% and total cumulative return in cash totals $53,432. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $916/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.25 Acres 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: Kurt Clements • Diverse Property Solutions Ind
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059663