349 E Morris StIndianapolisIN46225
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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 349 E Morris St, Indianapolis, IN, 46225 at $159,000 posts ROI 25.55% with $248/mo cash flow from $1,202/mo rent. Total monthly income equals $1,202/mo, and annual cash flow records $2,973/yr on $52,709 to close. Return on cash invested measures 25.55% and rental yield reads 9.07% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 132.87% and total cumulative return in cash totals $70,032.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,202/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46225, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,209 (100%) |
| Owner Occupied HU | 1,243 (38.7%) |
| Renter Occupied HU | 1,373 (42.8%) |
| Vacant Housing Units | 593 (18.5%) |
| Median Home Value | $163,267 |
| Average Home Value | $214,771 |
Housing Distribution
Address Breakdown
Residential
3,085
Single Family
2,661
Multi-Family
424
Businesses
504
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Listed by: Keri Hir • Keri Hir
Mls Name: NIRA
Mls ID: #830030