5404 Speedway DrIndianapolisIN46224
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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 5404 Speedway Dr, Indianapolis, IN, 46224 listed at $199,000 pairs $1,598/mo rent with a $974/mo payment to leave $403/mo cash flow. Total monthly income runs $1,598/mo, and annual cash flow reaches $4,841/yr on $65,969 cash to close. Return on cash invested measures 27.25% in year one, and rental yield registers 9.64% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 142% and total cumulative return in cash totals $93,678. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,598/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46224, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,718 (100%) |
| Owner Occupied HU | 5,314 (31.8%) |
| Renter Occupied HU | 10,069 (60.2%) |
| Vacant Housing Units | 1,335 ( 8.0%) |
| Median Home Value | $219,316 |
| Average Home Value | $244,925 |
Housing Distribution
Address Breakdown
Residential
15,453
Single Family
12,751
Multi-Family
2,702
Businesses
670
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Listed by: Rachel Freitas • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079077