5121 Modernist BlvdIndianapolisIN46237
Nearby investment properties with comparable rents
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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
Rental property for sale in Indianapolis at 5121 Modernist Blvd, Indianapolis, IN, 46237 priced at $314,500 pairs $1,908/mo rent with after a $1,539/mo payment. Total monthly income equals $1,908/mo. Return on cash invested is 19.42% in year one, and rental yield stands at 7.28% on a $314,500 basis. Equity gained on principal adds $2,029/yr, and 5% annual appreciation accumulates to $86,891 by year five. Five-year ROI measures 100.25% and total cumulative return in cash reaches $104,512. For financing, Ziffy Mortgage’s DSCR program evaluates $1,908/mo property income against a $1,539/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
$380 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
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Listed by: Cassie Newman • M/I Homes of Indiana, L.P.
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22005560
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 23:18:14 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)