3215 Kenilworth DrIndianapolisIN46228
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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 3215 Kenilworth Dr, Indianapolis, IN, 46228 offers a 8.32% rental yield on a $408,000 purchase with $2,828/mo rent. Total monthly income registers $2,828/mo, and a $1,997/mo payment leaves $379/mo available for distribution. Annual cash flow reaches $4,546/yr on $135,252 to close, and return on cash invested stands at 23.27% in year one. Equity gained on principal adds $2,633/yr while 5% annual appreciation supports $112,723 over five years. Portfolio math shows five-year ROI at 120.61% and total cumulative return in cash at $163,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,828/mo property income against a $1,997/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46228, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,548 (100%) |
| Owner Occupied HU | 4,890 (74.7%) |
| Renter Occupied HU | 1,291 (19.7%) |
| Vacant Housing Units | 367 ( 5.6%) |
| Median Home Value | $280,470 |
| Average Home Value | $332,219 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,768
Multi-Family
528
Businesses
87
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Listed by: Nicolas Ward • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22068372