5219 N College Ave APT 706, Indianapolis, IN, 46220 | $384/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5219 N College Ave APT 706, Indianapolis, IN, 46220 | $384/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Indianapolis at 5219 N College Ave APT 706, Indianapolis, IN, 46220 offers a 9.16% rental yield on a $234,900 purchase with $1,794/mo rent. Total monthly income registers $1,794/mo, and a $1,150/mo payment leaves $384/mo available for distribution. Annual cash flow reaches $4,604/yr on $77,869 to close, and return on cash invested stands at 25.82% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 134.33% and total cumulative return in cash at $104,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,794/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1939

1,306 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Broad Ripple Place Urban Cottages--where style, convenience, and charm come together! This beautifully updated 2-bedroom, 2-bath condo features gleaming hardwood floors throughout, a bright and open layout, and modern finishes that make it truly move-in ready. Enjoy a chef-inspired kitchen, updated baths, and generous living spaces that flow seamlessly to your own outdoor patio, perfect for morning coffee or entertaining friends. The community is surrounded by lush, landscaped gardens, adding a serene touch to urban living. Located in the heart of Meridian Kessler, you're just steps from the Monon Trail, Red Line access, boutique shopping, and some of Indy's best restaurants and cafes. With everything at your doorstep, this home offers the perfect balance of walkability, comfort, and style. Don't miss the chance to own this rare gem in one of Indy's most desirable neighborhoods!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,578 (100%)
Owner Occupied HU	10,835 (58.3%)
Renter Occupied HU	6,609 (35.6%)
Vacant Housing Units	1,134 ( 6.1%)
Median Home Value	$353,955
Average Home Value	$402,384