42 White Lick DrIndianapolisIN46227
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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 42 White Lick Dr, Indianapolis, IN, 46227 priced at $229,500 pairs $2,016/mo rent with $639/mo cash flow after a $1,123/mo payment. Total monthly income equals $2,016/mo, and annual cash flow comes to $7,664/yr on $76,079 invested. Return on cash invested is 29.98% in year one, and rental yield stands at 10.54% on a $229,500 basis. Equity gained on principal adds $1,481/yr, and 5% annual appreciation accumulates to $63,407 by year five. Five-year ROI measures 156.63% and total cumulative return in cash reaches $119,166. For financing, Ziffy Mortgage’s DSCR program evaluates $2,016/mo property income against a $1,123/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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Listed by: Lal Lian • Wemy Realtor
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072275