520 W 28th StIndianapolisIN46208
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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 520 W 28th St, Indianapolis, IN, 46208 generates $1,572/mo in rent and, after a $962/mo payment, leaves $392/mo in cash flow. Total monthly income is $1,572/mo, and annual cash flow is $4,707/yr on $65,140 invested. Return on cash invested sits at 27.13% in year one, and rental yield is 9.6% on a $196,500 entry. Equity gained on principal adds $1,268/yr, while 5% annual appreciation builds toward $54,289 over five years. Five-year ROI reaches 141.41% and total cumulative return in cash sums $92,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,572/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
4,515 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46208, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,258 (100%) |
| Owner Occupied HU | 4,075 (39.7%) |
| Renter Occupied HU | 4,483 (43.7%) |
| Vacant Housing Units | 1,700 (16.6%) |
| Median Home Value | $256,783 |
| Average Home Value | $310,376 |
Housing Distribution
Address Breakdown
Residential
9,990
Single Family
7,995
Multi-Family
1,995
Businesses
624
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Listed by: Gabriela Pitts • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067738