522 Chapel Hill West DrIndianapolisIN46214
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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 522 Chapel Hill West Dr, Indianapolis, IN, 46214 priced at $233,000 converts $1,865/mo rent into $467/mo cash flow after a $1,140/mo obligation. Total monthly income equals $1,865/mo, and annual cash flow totals $5,601/yr on $77,240 invested. Return on cash invested prints 27.16% in year one, and rental yield reads 9.61% against a $233,000 entry. Equity gained on principal adds $1,504/yr, while 5% annual appreciation compiles into $64,374 by year five. Five-year ROI reaches 141.49% and total cumulative return in cash sums $109,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,865/mo property income covering a $1,140/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46214, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 4,820 (40.2%) |
| Renter Occupied HU | 6,464 (53.9%) |
| Vacant Housing Units | 701 ( 5.8%) |
| Median Home Value | $214,272 |
| Average Home Value | $249,365 |
Housing Distribution
Address Breakdown
Residential
11,679
Single Family
7,775
Multi-Family
3,904
Businesses
416
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Listed by: Antonio Patterson • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077879