554 N Luett AveIndianapolisIN46222
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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
Investment property for sale in Indianapolis at 554 N Luett Ave, Indianapolis, IN, 46222 at $165,000 posts ROI 32% with $551/mo cash flow from $1,542/mo rent. Total monthly income equals $1,542/mo, and annual cash flow records $6,613/yr on $54,698 to close. Return on cash invested measures 32% and rental yield reads 11.21% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 167.52% and total cumulative return in cash totals $91,631.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,542/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46222, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 5,545 (33.8%) |
| Renter Occupied HU | 8,728 (53.2%) |
| Vacant Housing Units | 2,139 (13.0%) |
| Median Home Value | $108,604 |
| Average Home Value | $188,902 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
13,616
Multi-Family
1,139
Businesses
977
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Listed by: Roberto Mejia • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063823