348 Central State BlvdIndianapolisIN46222
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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 348 Central State Blvd, Indianapolis, IN, 46222 offers $1,704/mo rent that, after a $1,713/mo payment. Total monthly income is $1,704/mo. Return on cash invested measures 15.8% in year one, and rental yield stands at 5.84% at a $349,990 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,696 by year five. Five-year ROI records 80.61% and total cumulative return in cash reaches $93,527. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,704/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: Jess Martin • Maywright Property Co.
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080709