3938 Biscayne RdIndianapolisIN46226
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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 3938 Biscayne Rd, Indianapolis, IN, 46226 earns $294/mo cash flow from $1,164/mo rent with a $709/mo payment. Total monthly income totals $1,164/mo, and annual cash flow totals $3,533/yr on $48,034 capital. ROI tracks 27.26% on current figures, and rental yield reads 9.64% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 142.12% and total cumulative return in cash sums $68,269. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,164/mo property income instead of your personal income.
Single Family
Built in 1962
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46226, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,362 (100%) |
| Owner Occupied HU | 8,396 (43.4%) |
| Renter Occupied HU | 8,850 (45.7%) |
| Vacant Housing Units | 2,116 (10.9%) |
| Median Home Value | $173,352 |
| Average Home Value | $236,703 |
Housing Distribution
Address Breakdown
Residential
18,209
Single Family
15,840
Multi-Family
2,369
Businesses
1,060
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Listed by: Isabella Frazier • Trelora Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079214