502 S Holmes AveIndianapolisIN46222
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 502 S Holmes Ave, Indianapolis, IN, 46222 earns $261/mo cash flow from $1,132/mo rent with a $710/mo payment. Total monthly income totals $1,132/mo, and annual cash flow totals $3,135/yr on $48,068 capital. ROI tracks 26.43% on current figures, and rental yield reads 9.37% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 137.67% and total cumulative return in cash sums $66,176. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,132/mo property income instead of your personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danci McCluskey • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077864