4391 Village Parkway Cir W APT 5IndianapolisIN46254
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 4391 Village Parkway Cir W APT 5, Indianapolis, IN, 46254 in Indianapolis, $150,000, 9.63% gross yield, $64/mo net income. Consider it a market-entry position, the $1,204/mo rent covers the $674/mo payment with a margin, and 5%/yr appreciation is projected to add $41,442 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.79) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $76,340.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $64 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,204 |
| Total Monthly Debt Service | $841 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46254, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,800 (100%) |
| Owner Occupied HU | 7,314 (41.1%) |
| Renter Occupied HU | 9,421 (52.9%) |
| Vacant Housing Units | 1,065 ( 6.0%) |
| Median Home Value | $222,429 |
| Average Home Value | $262,409 |
Housing Distribution
Address Breakdown
Residential
17,159
Single Family
12,864
Multi-Family
4,295
Businesses
847
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1987
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46254, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,800 (100%) |
| Owner Occupied HU | 7,314 (41.1%) |
| Renter Occupied HU | 9,421 (52.9%) |
| Vacant Housing Units | 1,065 ( 6.0%) |
| Median Home Value | $222,429 |
| Average Home Value | $262,409 |
Housing Distribution
Address Breakdown
Residential
17,159
Single Family
12,864
Multi-Family
4,295
Businesses
847
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22102337