3215 Sandpiper North DrIndianapolisIN46268
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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 Sandpiper North Dr, Indianapolis, IN, 46268 offers a 11.93% rental yield on a $200,000 purchase with $1,988/mo rent. Total monthly income registers $1,988/mo, and a $979/mo payment leaves $787/mo available for distribution. Annual cash flow reaches $9,448/yr on $66,300 to close, and return on cash invested stands at 34.16% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 179.07% and total cumulative return in cash at $118,724. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,988/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46268, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,785 (100%) |
| Owner Occupied HU | 5,780 (45.2%) |
| Renter Occupied HU | 6,292 (49.2%) |
| Vacant Housing Units | 713 ( 5.6%) |
| Median Home Value | $245,536 |
| Average Home Value | $279,210 |
Housing Distribution
Address Breakdown
Residential
12,154
Single Family
8,633
Multi-Family
3,521
Businesses
1,956
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Listed by: Andrew Barr • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055141