3161 N Lawndale AveIndianapolisIN46224
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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 3161 N Lawndale Ave, Indianapolis, IN, 46224 generates $2,214/mo in rent and, after a $1,091/mo payment, leaves $876/mo in cash flow. Total monthly income is $2,214/mo, and annual cash flow is $10,510/yr on $73,925 invested. Return on cash invested sits at 34.13% in year one, and rental yield is 11.91% on a $223,000 entry. Equity gained on principal adds $1,439/yr, while 5% annual appreciation builds toward $61,611 over five years. Five-year ROI reaches 178.84% and total cumulative return in cash sums $132,209. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,214/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46224, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,718 (100%) |
| Owner Occupied HU | 5,314 (31.8%) |
| Renter Occupied HU | 10,069 (60.2%) |
| Vacant Housing Units | 1,335 ( 8.0%) |
| Median Home Value | $219,316 |
| Average Home Value | $244,925 |
Housing Distribution
Address Breakdown
Residential
15,453
Single Family
12,751
Multi-Family
2,702
Businesses
670
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Listed by: Armando Torres • Towers Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063328