332 Laclede StIndianapolisIN46241
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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 332 Laclede St, Indianapolis, IN, 46241 priced at $121,500 pairs $927/mo rent with $197/mo cash flow after a $595/mo payment. Total monthly income equals $927/mo, and annual cash flow comes to $2,368/yr on $40,277 invested. Return on cash invested is 25.79% in year one, and rental yield stands at 9.16% on a $121,500 basis. Equity gained on principal adds $784/yr, and 5% annual appreciation accumulates to $33,568 by year five. Five-year ROI measures 134.21% and total cumulative return in cash reaches $54,058. For financing, Ziffy Mortgage’s DSCR program evaluates $927/mo property income against a $595/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1918
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
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Listed by: Steve Shobe • Shobe & Boards Co., REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069049