3114 English AveIndianapolisIN46201
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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 3114 English Ave, Indianapolis, IN, 46201 uses $37,791 cash to close to unlock $2,288/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $875/mo, and a $558/mo payment keeps the spread at $191/mo. Purchase price stands at $114,000, and rental yield measures 9.21% with $875/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 135.1% and total cumulative return in cash records $51,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $875/mo property income covering a $558/mo payment rather than investor’s personal income.
Single Family
Built in 1945
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Housing Distribution
Address Breakdown
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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Listed by: Terry Young • Red Bridge Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067143