5303 Windridge Dr #172IndianapolisIN46226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5303 Windridge Dr #172, Indianapolis, IN, 46226 generates $1,166/mo in rent, after a $1,238/mo payment. Total monthly income is $1,166/mo. Return on cash invested sits at 14.87% in year one, and rental yield is 5.53% on a $252,900 entry. Equity gained on principal adds $1,632/yr, while 5% annual appreciation builds toward $69,872 over five years. Five-year ROI reaches 75.57% and total cumulative return in cash sums $63,356. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,166/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,209
Single Family
15,840
Multi-Family
2,369
Businesses
1,060
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ronald Cheeks • Ron Cheeks Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22043707