5424 Cutter Corner WayIndianapolisIN46237
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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 5424 Cutter Corner Way, Indianapolis, IN, 46237 offers a 9.72% rental yield on a $215,000 purchase with $1,742/mo rent. Total monthly income registers $1,742/mo, and a $1,052/mo payment leaves $452/mo available for distribution. Annual cash flow reaches $5,421/yr on $71,273 to close, and return on cash invested stands at 27.51% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 143.38% and total cumulative return in cash at $102,193. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,742/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 2004
1,742 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: Jamie Suchotzky • Red Hot, REALTORS LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076104