3321 S Tacoma AveIndianapolisIN46237
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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
Investment property for sale in Indianapolis at 3321 S Tacoma Ave, Indianapolis, IN, 46237 offers a 9.32% rental yield on a $109,900 purchase with $854/mo rent. Total monthly income registers $854/mo, and a $538/mo payment leaves $194/mo available for distribution. Annual cash flow reaches $2,330/yr on $36,432 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $709/yr while 5% annual appreciation supports $30,363 over five years. Portfolio math shows five-year ROI at 137.03% and total cumulative return in cash at $49,924. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $854/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
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Listed by: Susan Schneider Forrest • New Quantum Realty Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079347