5249 Straw Hat DrIndianapolisIN46237
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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
Investment property for sale in Indianapolis at 5249 Straw Hat Dr, Indianapolis, IN, 46237 uses $58,013 cash to close to unlock $3,912/yr annual cash flow and $326/mo monthly cash flow. Total monthly income runs $1,377/mo, and a $857/mo payment keeps the spread at $326/mo. Purchase price stands at $175,000, and rental yield measures 9.44% with $1,377/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 138.85% and total cumulative return in cash records $80,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,377/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1979
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
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Listed by: Cynthia Bulat • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080248