4720 Caroline StIndianapolisIN46205
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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 4720 Caroline St, Indianapolis, IN, 46205 uses $41,404 cash to close to unlock $2,683/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $973/mo, and a $611/mo payment keeps the spread at $224/mo. Purchase price stands at $124,900, and rental yield measures 9.35% with $973/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 137.4% and total cumulative return in cash records $56,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $973/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1925
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46205, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,386 (100%) |
| Owner Occupied HU | 6,340 (41.2%) |
| Renter Occupied HU | 7,347 (47.8%) |
| Vacant Housing Units | 1,699 (11.0%) |
| Median Home Value | $327,153 |
| Average Home Value | $356,950 |
Housing Distribution
Address Breakdown
Residential
13,374
Single Family
11,221
Multi-Family
2,153
Businesses
758
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Listed by: Matthew Jones • The Modglin Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079899