5860 Manning RdIndianapolisIN46228
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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
Rental property for sale in Indianapolis at 5860 Manning Rd, Indianapolis, IN, 46228 generates $3,318/mo in rent and, after a $1,762/mo payment, leaves $1,157/mo in cash flow. Total monthly income is $3,318/mo, and annual cash flow is $13,885/yr on $119,307 invested. Return on cash invested sits at 31.55% in year one, and rental yield is 11.06% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 165.03% and total cumulative return in cash sums $196,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,318/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46228, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,548 (100%) |
| Owner Occupied HU | 4,890 (74.7%) |
| Renter Occupied HU | 1,291 (19.7%) |
| Vacant Housing Units | 367 ( 5.6%) |
| Median Home Value | $280,470 |
| Average Home Value | $332,219 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,768
Multi-Family
528
Businesses
87
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Listed by: Keri Arthurton • Harvest Realty Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22049907