3243 W 48th StIndianapolisIN46228
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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 3243 W 48th St, Indianapolis, IN, 46228 generates $2,086/mo in rent, after a $1,713/mo payment. Total monthly income is $2,086/mo. Return on cash invested sits at 19.76% in year one, and rental yield is 7.15% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 101.82% and total cumulative return in cash sums $118,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,086/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.28 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: Ilanit Gat • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054981