3312 Bay Road South DrIndianapolisIN46240
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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 3312 Bay Road South Dr, Indianapolis, IN, 46240 generates $4,098/mo in rent, after a $3,915/mo payment. Total monthly income is $4,098/mo. Return on cash invested sits at 16.85% in year one, and rental yield is 6.15% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 86.18% and total cumulative return in cash sums $226,788. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,098/mo property income rather than buyer’s personal income.
Condo
Built in 1988
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46240, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,313 (100%) |
| Owner Occupied HU | 4,833 (39.3%) |
| Renter Occupied HU | 5,655 (45.9%) |
| Vacant Housing Units | 1,825 (14.8%) |
| Median Home Value | $355,378 |
| Average Home Value | $432,769 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
6,951
Multi-Family
4,059
Businesses
1,461
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Listed by: Kara DeArman • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22075992