3939 E 56th St, Indianapolis, IN, 46220 | $518/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3939 E 56th St, Indianapolis, IN, 46220 | $518/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 3939 E 56th St, Indianapolis, IN, 46220 earns $518/mo cash flow from $2,394/mo rent with a $1,530/mo payment. Total monthly income totals $2,394/mo, and annual cash flow totals $6,212/yr on $103,594 capital. ROI tracks 25.91% on current figures, and rental yield reads 9.19% at a $312,500 purchase. Equity gained on principal adds $2,017/yr, and 5% annual appreciation supports $86,338 over five years. Five-year ROI reaches 134.77% and total cumulative return in cash sums $139,608. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,394/mo property income instead of your personal income.

Single Family

Built in 1940

0.93 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3 Bedroom, 2 Bathroom Cape Cod home on nearly 1 acre in desirable Washington Township! Tucked away on a tree-lined lot, this property blends character, comfort, and endless possibilities. Hardwood floors run throughout the spacious living & dining rooms, ideal for entertaining, plus kitchen features warm wood cabinetry, appliances, and a convenient breakfast bar. Enjoy the bright family room with walls of windows that bring the outdoors in, or retreat to the cozy main-level den for work from home office or a good book. The main-floor primary suite includes an attached sitting room which could be perfect for a nursery, office, or oversized walk-in closet. Upstairs offers 2 additional bedrooms and full bathroom. Outdoor living shines with a back patio, fire pit area, and plenty of space for gatherings, gardening, or even future garage/pole barn. The basement includes laundry, storage, utility space, plus an attached storage garage/workshop. Updates include newer roof and gutters, vinyl siding and windows, plus upgraded electric panel. A rare opportunity to own a home and nearly 1 acre in Washington Township at this price!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,578 (100%)
Owner Occupied HU	10,835 (58.3%)
Renter Occupied HU	6,609 (35.6%)
Vacant Housing Units	1,134 ( 6.1%)
Median Home Value	$353,955
Average Home Value	$402,384