3266 Cherry Lake LnIndianapolisIN46235
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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 3266 Cherry Lake Ln, Indianapolis, IN, 46235 generates $2,045/mo in rent and, after a $1,028/mo payment, leaves $784/mo in cash flow. Total monthly income is $2,045/mo, and annual cash flow is $9,411/yr on $69,615 invested. Return on cash invested sits at 33.43% in year one, and rental yield is 11.69% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 175.16% and total cumulative return in cash sums $121,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,045/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46235, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,400 (100%) |
| Owner Occupied HU | 6,701 (46.5%) |
| Renter Occupied HU | 6,414 (44.5%) |
| Vacant Housing Units | 1,285 ( 8.9%) |
| Median Home Value | $195,850 |
| Average Home Value | $228,932 |
Housing Distribution
Address Breakdown
Residential
13,799
Single Family
12,698
Multi-Family
1,101
Businesses
155
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Listed by: Fermin Martinez Martinez • The Modglin Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078233