4607 Melrose AveIndianapolisIN46241
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
Investment Highlights
Investment property for sale in Indianapolis at 4607 Melrose Ave, Indianapolis, IN, 46241 earns $295/mo cash flow from $1,195/mo rent with a $734/mo payment. Total monthly income totals $1,195/mo, and annual cash flow totals $3,537/yr on $49,725 capital. ROI tracks 27.02% on current figures, and rental yield reads 9.56% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 140.75% and total cumulative return in cash sums $69,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,195/mo property income instead of your personal income.
Single Family
Built in 1951
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Braulio Moreno • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22044727