3110 N Richardt AveIndianapolisIN46226
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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 3110 N Richardt Ave, Indianapolis, IN, 46226 earns $475/mo cash flow from $1,964/mo rent with a $1,214/mo payment. Total monthly income totals $1,964/mo, and annual cash flow totals $5,702/yr on $82,212 capital. ROI tracks 26.84% on current figures, and rental yield reads 9.5% at a $248,000 purchase. Equity gained on principal adds $1,600/yr, and 5% annual appreciation supports $68,518 over five years. Five-year ROI reaches 139.86% and total cumulative return in cash sums $114,978. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,964/mo property income instead of your personal income.
Single Family
Built in 1957
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46226, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,362 (100%) |
| Owner Occupied HU | 8,396 (43.4%) |
| Renter Occupied HU | 8,850 (45.7%) |
| Vacant Housing Units | 2,116 (10.9%) |
| Median Home Value | $173,352 |
| Average Home Value | $236,703 |
Housing Distribution
Address Breakdown
Residential
18,209
Single Family
15,840
Multi-Family
2,369
Businesses
1,060
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Listed by: Robert Davenport • Plum Tree Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063607