3403 Island WayIndianapolisIN46214
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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
Total monthly income runs $2,070/mo, and a $2,095/mo payment. Purchase price stands at $428,000, and rental yield measures 5.8% with $2,070/mo rent. Return on cash invested shows 15.4% in year one, and 5% annual appreciation builds toward $118,249 over five years. Five-year ROI reaches 78.5% and total cumulative return in cash records $111,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,070/mo property income covering a $2,095/mo payment rather than investor’s personal income.
Single Family
Built in 1990
7,405 sqft lot
$N/A/sqft
$409 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46214, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 4,820 (40.2%) |
| Renter Occupied HU | 6,464 (53.9%) |
| Vacant Housing Units | 701 ( 5.8%) |
| Median Home Value | $214,272 |
| Average Home Value | $249,365 |
Housing Distribution
Address Breakdown
Residential
11,679
Single Family
7,775
Multi-Family
3,904
Businesses
416
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Nearby investment properties with comparable prices
Listed by: Lori Redman • Sold It Realty Group
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22040548
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-27 07:53:00 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)