530 Sutherland Ave APT B, Indianapolis, IN, 46205 | $53/mo Cash Flow

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530 Sutherland Ave APT B, Indianapolis, IN, 46205 | $53/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 530 Sutherland Ave APT B, Indianapolis, IN, 46205 offers a 7.5% rental yield on a $214,900 purchase with $1,343/mo rent. Total monthly income registers $1,343/mo, and a $1,052/mo payment leaves $53/mo available for distribution. Annual cash flow reaches $634/yr on $71,239 to close, and return on cash invested stands at 20.8% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 107.38% and total cumulative return in cash at $76,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,343/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1924

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming all-brick condo in the heart of Fall Creek Place! The covered front porch invites you inside to an open living space that seamlessly flows into the dining area, perfect for cozy nights in, weekend brunches, or game nights with friends. The updated kitchen (2023) shines with sleek granite countertops, new cabinetry, and a newer dishwasher (2023), plus easy access to the patio for entertaining or relaxing evenings outdoors. Downstairs, the basement offers laundry and ample storage, while upstairs, you'll find a bright primary and guest bedroom, along with a full bathroom featuring a new modern vanity and new sliding glass shower door (all updated in 2025). A new tankless water heater (July 2025) adds extra peace of mind. Love staying active or exploring the city? Fall Creek Place puts you within walking or biking distance to favorites like Gather 22, Tinker Street, The Alchemist, Greeks on 16th, and CITYYOGA, perfect spots for dining, drinks, and wellness. Water and sewer are included in the HOA, and your car stays secure in the gated rear parking lot. With its perfect blend of classic charm, modern updates, and unbeatable location, this Fall Creek Place condo is a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46205, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,386 (100%)
Owner Occupied HU	6,340 (41.2%)
Renter Occupied HU	7,347 (47.8%)
Vacant Housing Units	1,699 (11.0%)
Median Home Value	$327,153
Average Home Value	$356,950