5560 W 62nd StIndianapolisIN46268
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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 5560 W 62nd St, Indianapolis, IN, 46268 uses $59,670 cash to close to unlock $18,508/yr annual cash flow and $1,542/mo monthly cash flow. Total monthly income runs $2,672/mo, and a $881/mo payment keeps the spread at $1,542/mo. Purchase price stands at $180,000, and rental yield measures 17.81% with $2,672/mo rent. Return on cash invested shows 50.93% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 269.33% and total cumulative return in cash records $160,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,672/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46268, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,785 (100%) |
| Owner Occupied HU | 5,780 (45.2%) |
| Renter Occupied HU | 6,292 (49.2%) |
| Vacant Housing Units | 713 ( 5.6%) |
| Median Home Value | $245,536 |
| Average Home Value | $279,210 |
Housing Distribution
Address Breakdown
Residential
12,154
Single Family
8,633
Multi-Family
3,521
Businesses
1,956
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Listed by: Kayla Speer • Allen Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526586
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.