3153 Stillmeadow DrIndianapolisIN46214
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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 3153 Stillmeadow Dr, Indianapolis, IN, 46214 generates $1,420/mo in rent and, after a $979/mo payment, leaves $23/mo in cash flow. Total monthly income is $1,420/mo, and annual cash flow is $280/yr on $66,300 invested. Return on cash invested sits at 20.33% in year one, and rental yield is 8.52% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 106.18% and total cumulative return in cash sums $70,400. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,420/mo property income rather than buyer’s personal income.
Condo
Built in 1979
3,484 sqft lot
$N/A/sqft
$196 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46214, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 4,820 (40.2%) |
| Renter Occupied HU | 6,464 (53.9%) |
| Vacant Housing Units | 701 ( 5.8%) |
| Median Home Value | $214,272 |
| Average Home Value | $249,365 |
Housing Distribution
Address Breakdown
Residential
11,679
Single Family
7,775
Multi-Family
3,904
Businesses
416
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Listed by: Miriam Odegard • United Real Estate Indpls
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22030245
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-06 08:17:44 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)