350 Millridge DrIndianapolisIN46290
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play350 Millridge Dr, Indianapolis, IN, 46290 in Indianapolis is priced for appreciation, not yield. Rental yield 0%. At $824,900 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $227,905 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.8% |
| Monthly Cash Flow | $0 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
Single Family
Built in 1997
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46290, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 96 (100%) |
| Owner Occupied HU | 77 (80.2%) |
| Renter Occupied HU | 1 ( 1.0%) |
| Vacant Housing Units | 18 (18.7%) |
| Median Home Value | $1,030,000 |
| Average Home Value | $1,141,234 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
189
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Single Family
Built in 1997
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46290, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 96 (100%) |
| Owner Occupied HU | 77 (80.2%) |
| Renter Occupied HU | 1 ( 1.0%) |
| Vacant Housing Units | 18 (18.7%) |
| Median Home Value | $1,030,000 |
| Average Home Value | $1,141,234 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
189
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22095796