509 W Banta RdIndianapolisIN46217
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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 509 W Banta Rd, Indianapolis, IN, 46217 earns $444/mo cash flow from $1,870/mo rent with a $1,163/mo payment. Total monthly income totals $1,870/mo, and annual cash flow totals $5,324/yr on $78,760 capital. ROI tracks 26.67% on current figures, and rental yield reads 9.44% at a $237,588 purchase. Equity gained on principal adds $1,533/yr, and 5% annual appreciation supports $65,641 over five years. Five-year ROI reaches 138.85% and total cumulative return in cash sums $109,357. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,870/mo property income instead of your personal income.
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46217, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,196 (100%) |
| Owner Occupied HU | 9,776 (74.1%) |
| Renter Occupied HU | 2,911 (22.1%) |
| Vacant Housing Units | 509 ( 3.9%) |
| Median Home Value | $270,235 |
| Average Home Value | $283,488 |
Housing Distribution
Address Breakdown
Residential
13,204
Single Family
11,627
Multi-Family
1,577
Businesses
676
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Listed by: Karen Wildey • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22070042