3508 Winchester DrIndianapolisIN46227
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Indianapolis at 3508 Winchester Dr, Indianapolis, IN, 46227 generates $1,352/mo in rent and, after a $832/mo payment, leaves $332/mo in cash flow. Total monthly income is $1,352/mo, and annual cash flow is $3,980/yr on $56,322 invested. Return on cash invested sits at 26.98% in year one, and rental yield is 9.55% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 140.5% and total cumulative return in cash sums $79,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,352/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Harbert • REALTY WORLD-Harbert Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069549