312 N Grant 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
Rental property for sale in Indianapolis at 312 N Grant Ave, Indianapolis, IN, 46201 priced at $144,500 pairs $1,498/mo rent with $631/mo cash flow after a $707/mo payment. Total monthly income equals $1,498/mo, and annual cash flow comes to $7,570/yr on $47,902 invested. Return on cash invested is 35.71% in year one, and rental yield stands at 12.44% on a $144,500 basis. Equity gained on principal adds $932/yr, and 5% annual appreciation accumulates to $39,923 by year five. Five-year ROI measures 187.35% and total cumulative return in cash reaches $89,743. For financing, Ziffy Mortgage’s DSCR program evaluates $1,498/mo property income against a $707/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
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: Jackie Lovell • New Quantum Realty Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22053019