3191 S Tacoma AveIndianapolisIN46237
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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 3191 S Tacoma Ave, Indianapolis, IN, 46237 priced at $189,999 converts $1,714/mo rent into $545/mo cash flow after a $930/mo obligation. Total monthly income equals $1,714/mo, and annual cash flow totals $6,541/yr on $62,985 invested. Return on cash invested prints 30.29% in year one, and rental yield reads 10.83% against a $189,999 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,493 by year five. Five-year ROI reaches 158.55% and total cumulative return in cash sums $99,864. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,714/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
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Listed by: Terisa Messmer • Key Realty Indiana
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429103
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.