3111 Central AveIndianapolisIN46205
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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 3111 Central Ave, Indianapolis, IN, 46205 priced at $171,000 pairs $1,340/mo rent with $313/mo cash flow after a $837/mo payment. Total monthly income equals $1,340/mo, and annual cash flow comes to $3,762/yr on $56,687 invested. Return on cash invested is 26.55% in year one, and rental yield stands at 9.4% on a $171,000 basis. Equity gained on principal adds $1,103/yr, and 5% annual appreciation accumulates to $47,244 by year five. Five-year ROI measures 138.23% and total cumulative return in cash reaches $78,359. For financing, Ziffy Mortgage’s DSCR program evaluates $1,340/mo property income against a $837/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46205, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,386 (100%) |
| Owner Occupied HU | 6,340 (41.2%) |
| Renter Occupied HU | 7,347 (47.8%) |
| Vacant Housing Units | 1,699 (11.0%) |
| Median Home Value | $327,153 |
| Average Home Value | $356,950 |
Housing Distribution
Address Breakdown
Residential
13,374
Single Family
11,221
Multi-Family
2,153
Businesses
758
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Listed by: Dennis Nottingham • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075177