4124 E Naomi StIndianapolisIN46203
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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 4124 E Naomi St, Indianapolis, IN, 46203 offers $1,571/mo rent that, after a $565/mo payment, leaves $837/mo cash flow. Total monthly income is $1,571/mo, and annual cash flow is $10,045/yr on $38,288 cash. Return on cash invested measures 46.14% in year one, and rental yield stands at 16.32% at a $115,500 entry. Equity gained on principal adds $745/yr while 5% annual appreciation compounds into $31,911 by year five. Five-year ROI records 243.89% and total cumulative return in cash reaches $93,382. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,571/mo property income versus a $565/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 8,432 (46.4%) |
| Renter Occupied HU | 7,696 (42.3%) |
| Vacant Housing Units | 2,055 (11.3%) |
| Median Home Value | $189,972 |
| Average Home Value | $247,147 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
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