3159 E 42nd StIndianapolisIN46205
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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 3159 E 42nd St, Indianapolis, IN, 46205 uses $84,533 cash to close to unlock $7,000/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $2,114/mo, and a $1,248/mo payment keeps the spread at $583/mo. Purchase price stands at $255,000, and rental yield measures 9.95% with $2,114/mo rent. Return on cash invested shows 28.19% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 147.05% and total cumulative return in cash records $124,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,114/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1952
9,583 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
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Listed by: Michelle Robling • Robling Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22057069