3118 N Park AveIndianapolisIN46205
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3118 N Park Ave, Indianapolis, IN, 46205 uses $91,163 cash to close to unlock $3,819/yr annual cash flow and $318/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $1,346/mo payment keeps the spread at $318/mo. Purchase price stands at $275,000, and rental yield measures 8.59% with $1,969/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 125.09% and total cumulative return in cash records $114,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2018
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Cirillo • Priority One Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079912