3502 Station StIndianapolisIN46218
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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 3502 Station St, Indianapolis, IN, 46218 offers a 10.95% rental yield on a $142,200 purchase with $1,298/mo rent. Total monthly income registers $1,298/mo, and a $696/mo payment leaves $427/mo available for distribution. Annual cash flow reaches $5,118/yr on $47,139 to close, and return on cash invested stands at 30.77% in year one. Equity gained on principal adds $918/yr while 5% annual appreciation supports $39,287 over five years. Portfolio math shows five-year ROI at 161% and total cumulative return in cash at $75,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,298/mo property income against a $696/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46218, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,771 (100%) |
| Owner Occupied HU | 5,612 (38.0%) |
| Renter Occupied HU | 6,950 (47.1%) |
| Vacant Housing Units | 2,209 (15.0%) |
| Median Home Value | $94,245 |
| Average Home Value | $146,693 |
Housing Distribution
Address Breakdown
Residential
13,220
Single Family
12,746
Multi-Family
474
Businesses
864
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