3121 N Park AveIndianapolisIN46205
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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
Rental property for sale in Indianapolis at 3121 N Park Ave, Indianapolis, IN, 46205 priced at $289,600 converts $2,048/mo rent into $224/mo cash flow after a $1,417/mo obligation. Total monthly income equals $2,048/mo, and annual cash flow totals $2,686/yr on $96,002 invested. Return on cash invested prints 22.71% in year one, and rental yield reads 8.49% against a $289,600 entry. Equity gained on principal adds $1,869/yr, while 5% annual appreciation compiles into $80,011 by year five. Five-year ROI reaches 118% and total cumulative return in cash sums $113,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,048/mo property income covering a $1,417/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A