450 E Ohio St APT 319IndianapolisIN46204
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.63 makes 450 E Ohio St APT 319, Indianapolis, IN, 46204 in Indianapolis one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.78%. The 8.78% yield, 5% annual appreciation ($112,889 over five years), and $3,763/yr in principal reduction project a total cumulative return of $151,682.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.8% |
| Monthly Cash Flow | $(88) | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,990 |
| Total Monthly Debt Service | $2,916 |
| DSCR Ratio | 1.03x |
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 2002
871 sqft lot
$N/A/sqft
$454 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
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 2002
871 sqft lot
$N/A/sqft
$454 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A