5150 Devon 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
Rental property for sale in Indianapolis at 5150 Devon Dr, Indianapolis, IN, 46226 offers $2,258/mo rent that, after a $1,089/mo payment, leaves $922/mo cash flow. Total monthly income is $2,258/mo, and annual cash flow is $11,069/yr on $73,759 cash. Return on cash invested measures 34.92% in year one, and rental yield stands at 12.18% at a $222,500 entry. Equity gained on principal adds $1,436/yr while 5% annual appreciation compounds into $61,473 by year five. Five-year ROI records 183.1% and total cumulative return in cash reaches $135,052. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,258/mo property income versus a $1,089/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.35 Acres 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: N/A • N/A
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