3060 S Shortridge RdIndianapolisIN46239
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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 3060 S Shortridge Rd, Indianapolis, IN, 46239 listed at $216,900 pairs $2,002/mo rent with a $1,062/mo payment to leave $700/mo cash flow. Total monthly income runs $2,002/mo, and annual cash flow reaches $8,395/yr on $71,902 cash to close. Return on cash invested measures 31.58% in year one, and rental yield registers 11.08% at a $216,900 basis. Equity gained on principal adds $1,400/yr, and annual property appreciation at 5% supports $59,925 by year five. Five-year ROI tracks 165.24% and total cumulative return in cash totals $118,810. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,002/mo property income relative to a $1,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
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Listed by: Bob Magiera • Hoosier, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054174