359 Laclede StIndianapolisIN46241
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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 359 Laclede St, Indianapolis, IN, 46241 offers a 9.17% rental yield on a $110,000 purchase with $841/mo rent. Total monthly income registers $841/mo, and a $538/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,173/yr on $36,465 to close, and return on cash invested stands at 25.87% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 134.66% and total cumulative return in cash at $49,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $841/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
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Listed by: Garrett Brooks • United Real Estate Indpls
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078857