5976 Cadillac DrIndianapolisIN46224
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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 5976 Cadillac Dr, Indianapolis, IN, 46224 uses $94,146 cash to close to unlock $6,111/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $2,214/mo, and a $1,390/mo payment keeps the spread at $509/mo. Purchase price stands at $284,000, and rental yield measures 9.35% with $2,214/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 137.45% and total cumulative return in cash records $129,401. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,214/mo property income covering a $1,390/mo payment rather than investor’s personal income.
Single Family
Built in 1953
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46224, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,718 (100%) |
| Owner Occupied HU | 5,314 (31.8%) |
| Renter Occupied HU | 10,069 (60.2%) |
| Vacant Housing Units | 1,335 ( 8.0%) |
| Median Home Value | $219,316 |
| Average Home Value | $244,925 |
Housing Distribution
Address Breakdown
Residential
15,453
Single Family
12,751
Multi-Family
2,702
Businesses
670
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Listed by: Luke Granholm • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059907