361 S Spencer AveIndianapolisIN46219
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 361 S Spencer Ave, Indianapolis, IN, 46219 priced at $128,000 pairs $1,230/mo rent with $462/mo cash flow after a $627/mo payment. Total monthly income equals $1,230/mo, and annual cash flow comes to $5,546/yr on $42,432 invested. Return on cash invested is 32.98% in year one, and rental yield stands at 11.53% on a $128,000 basis. Equity gained on principal adds $826/yr, and 5% annual appreciation accumulates to $35,364 by year five. Five-year ROI measures 172.79% and total cumulative return in cash reaches $73,319. For financing, Ziffy Mortgage’s DSCR program evaluates $1,230/mo property income against a $627/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joel Mathews • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22019695