5549 Nighthawk WayIndianapolisIN46254
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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 5549 Nighthawk Way, Indianapolis, IN, 46254 offers a 9.24% rental yield on a $199,900 purchase with $1,539/mo rent. Total monthly income registers $1,539/mo, and a $978/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,073/yr on $66,267 to close, and return on cash invested stands at 26.06% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 135.6% and total cumulative return in cash at $89,857. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,539/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46254, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,800 (100%) |
| Owner Occupied HU | 7,314 (41.1%) |
| Renter Occupied HU | 9,421 (52.9%) |
| Vacant Housing Units | 1,065 ( 6.0%) |
| Median Home Value | $222,429 |
| Average Home Value | $262,409 |
Housing Distribution
Address Breakdown
Residential
17,159
Single Family
12,864
Multi-Family
4,295
Businesses
847
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Listed by: Jodi Gandy • Honor Realty LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077828