3311 Stoddard PlIndianapolisIN46217
Nearby investment properties with comparable rents
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
Rental property for sale in Indianapolis at 3311 Stoddard Pl, Indianapolis, IN, 46217 priced at $357,000 converts $2,493/mo rent into $350/mo cash flow after a $1,747/mo obligation. Total monthly income equals $2,493/mo, and annual cash flow totals $4,204/yr on $118,346 invested. Return on cash invested prints 23.46% in year one, and rental yield reads 8.38% against a $357,000 entry. Equity gained on principal adds $2,304/yr, while 5% annual appreciation compiles into $98,633 by year five. Five-year ROI reaches 121.67% and total cumulative return in cash sums $143,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,493/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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Listed by: Matthew Jones • The Modglin Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22036561