5718 Mignon DrIndianapolisIN46254
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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 5718 Mignon Dr, Indianapolis, IN, 46254 listed at $172,900 pairs $1,615/mo rent with a $846/mo payment to leave $577/mo cash flow. Total monthly income runs $1,615/mo, and annual cash flow reaches $6,928/yr on $57,316 cash to close. Return on cash invested measures 32% in year one, and rental yield registers 11.21% at a $172,900 basis. Equity gained on principal adds $1,116/yr, and annual property appreciation at 5% supports $47,769 by year five. Five-year ROI tracks 167.48% and total cumulative return in cash totals $95,996. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,615/mo property income relative to a $846/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
N/A 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: Gene Tumbarello • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052673