553 Crossfield DrIndianapolisIN46239
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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 553 Crossfield Dr, Indianapolis, IN, 46239 uses $112,710 cash to close to unlock $6,446/yr annual cash flow and $537/mo monthly cash flow. Total monthly income runs $2,578/mo, and a $1,664/mo payment keeps the spread at $537/mo. Purchase price stands at $340,000, and rental yield measures 9.1% with $2,578/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 133.29% and total cumulative return in cash records $150,234. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,578/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
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Listed by: Tyler Halcomb • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077947