3905 Miller DrIndianapolisIN46239
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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 3905 Miller Dr, Indianapolis, IN, 46239 generates $795/mo in rent and, after a $489/mo payment, leaves $195/mo in cash flow. Total monthly income is $795/mo, and annual cash flow is $2,342/yr on $33,150 invested. Return on cash invested sits at 26.97% in year one, and rental yield is 9.54% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 140.61% and total cumulative return in cash sums $46,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $795/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
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Listed by: Laura O'Connor • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059843