5240 Windridge Dr, Indianapolis, IN, 46226 | 5.54% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5240 Windridge Dr, Indianapolis, IN, 46226 | 5.54% Rental Yield | 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 5240 Windridge Dr, Indianapolis, IN, 46226 listed at $325,000 pairs $1,500/mo rent with a $1,591/mo payment. Total monthly income runs $1,500/mo. Return on cash invested measures 14.88% in year one, and rental yield registers 5.54% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 75.64% and total cumulative return in cash totals $81,493. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Exceptional space, setting, & price for this freestanding Ranch w/Walkout condo home on a wooded ravine in beautiful Windridge. Main Level has 2BR+Den/Office, LR/DR, Kit/Hearth Rm & 2FB. Large windows, 3 skylights & 4 Sun Tubes bring natural light indoors despite the wooded surroundings. Walkout level adds Lg Family Rm, 3rd BR, 3rd FB & big unfinished area for storage and additional rooms. LR, DR, MBR, Fam Rm, BR 3 & decks view the ravine. New and newer updates include Kitchen/Hearth Rm, LR/MBR windows, tankless water heater, & HVAC. Wonderfully scenic neighborhood with nature all around & gated for no through traffic peace & quiet. Exceptionally convenient NE location just inside the beltway. Surprising 20 min. access to downtown & IU/PU Indianapolis campuses. This exceptional combination of space, value, & setting are not to be found anywhere else in the metro Indy area. Come see us and you'll see why.

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