4607 N Hartman DrIndianapolisIN46226
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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 4607 N Hartman Dr, Indianapolis, IN, 46226 uses $62,322 cash to close to unlock $5,408/yr annual cash flow and $451/mo monthly cash flow. Total monthly income runs $1,579/mo, and a $920/mo payment keeps the spread at $451/mo. Purchase price stands at $188,000, and rental yield measures 10.08% with $1,579/mo rent. Return on cash invested shows 28.59% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 149.14% and total cumulative return in cash records $92,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,579/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46226, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,362 (100%) |
| Owner Occupied HU | 8,396 (43.4%) |
| Renter Occupied HU | 8,850 (45.7%) |
| Vacant Housing Units | 2,116 (10.9%) |
| Median Home Value | $173,352 |
| Average Home Value | $236,703 |
Housing Distribution
Address Breakdown
Residential
18,209
Single Family
15,840
Multi-Family
2,369
Businesses
1,060
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Listed by: Lisa Bishop • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078793