3215 Medford AveIndianapolisIN46222
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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 Medford Ave, Indianapolis, IN, 46222 earns $219/mo cash flow from $1,704/mo rent with a $1,211/mo payment. Total monthly income totals $1,704/mo, and annual cash flow totals $2,624/yr on $82,046 capital. ROI tracks 23.11% on current figures, and rental yield reads 8.26% at a $247,500 purchase. Equity gained on principal adds $1,597/yr, and 5% annual appreciation supports $68,380 over five years. Five-year ROI reaches 119.75% and total cumulative return in cash sums $98,249. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,704/mo property income instead of your personal income.
Single Family
Built in 1949
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: Jill Thompson • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063643