4566 Melbourne RdIndianapolisIN46228
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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
Investment property for sale in Indianapolis at 4566 Melbourne Rd, Indianapolis, IN, 46228 uses $35,073 cash to close to unlock $14,774/yr annual cash flow and $1,231/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $518/mo payment keeps the spread at $1,231/mo. Purchase price stands at $105,800, and rental yield measures 22.46% with $1,980/mo rent. Return on cash invested shows 62.03% in year one, and 5% annual appreciation builds toward $29,231 over five years. Five-year ROI reaches 330% and total cumulative return in cash records $115,741. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $518/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46228, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,548 (100%) |
| Owner Occupied HU | 4,890 (74.7%) |
| Renter Occupied HU | 1,291 (19.7%) |
| Vacant Housing Units | 367 ( 5.6%) |
| Median Home Value | $280,470 |
| Average Home Value | $332,219 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,768
Multi-Family
528
Businesses
87
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Listed by: N/A • N/A
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