37 N Beville AveIndianapolisIN46201
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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
Rental property for sale in Indianapolis at 37 N Beville Ave, Indianapolis, IN, 46201 priced at $385,000 converts $1,998/mo rent into after a $1,884/mo obligation. Total monthly income equals $1,998/mo. Return on cash invested prints 16.97% in year one, and rental yield reads 6.23% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 86.85% and total cumulative return in cash sums $110,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,998/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Multi Family
Built in 2026
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Housing Distribution
Address Breakdown
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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Listed by: Edward Neu • Neu Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077787