355 E Ohio St SUITE 208IndianapolisIN46202
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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 355 E Ohio St SUITE 208, Indianapolis, IN, 46202 uses $92,157 cash to close to unlock $8,495/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $2,377/mo, and a $1,361/mo payment keeps the spread at $708/mo. Purchase price stands at $278,000, and rental yield measures 10.26% with $2,377/mo rent. Return on cash invested shows 29.13% in year one, and 5% annual appreciation builds toward $76,806 over five years. Five-year ROI reaches 152.02% and total cumulative return in cash records $140,093. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,377/mo property income covering a $1,361/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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Listed by: Holly Puckett • United Real Estate Indpls
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055611