3247 N Colorado AveIndianapolisIN46218
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Nearby investment properties with comparable prices
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 3247 N Colorado Ave, Indianapolis, IN, 46218 at $122,700 posts ROI 39.2% with $654/mo cash flow from $1,422/mo rent. Total monthly income equals $1,422/mo, and annual cash flow records $7,848/yr on $40,675 to close. Return on cash invested measures 39.2% and rental yield reads 13.91% at the current $122,700. Equity gained on principal adds $792/yr, and 5% annual appreciation supports $33,900 by year five. Five-year ROI prints 206.55% and total cumulative return in cash totals $84,015.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,422/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,771 (100%) |
| Owner Occupied HU | 5,612 (38.0%) |
| Renter Occupied HU | 6,950 (47.1%) |
| Vacant Housing Units | 2,209 (15.0%) |
| Median Home Value | $94,245 |
| Average Home Value | $146,693 |
Housing Distribution
Address Breakdown
Residential
13,220
Single Family
12,746
Multi-Family
474
Businesses
864
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Nearby investment properties with comparable prices
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