602 Memorial DrBeech GroveIN46107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Beech Grove at 602 Memorial Dr, Beech Grove, IN, 46107 offers $2,382/mo rent that, after a $1,301/mo payment, leaves $786/mo cash flow. Total monthly income is $2,382/mo, and annual cash flow is $9,436/yr on $88,146 cash. Return on cash invested measures 30.61% in year one, and rental yield stands at 10.75% at a $265,900 entry. Equity gained on principal adds $1,716/yr while 5% annual appreciation compounds into $73,463 by year five. Five-year ROI records 160.03% and total cumulative return in cash reaches $141,058. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,382/mo property income versus a $1,301/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,514 (57.1%) |
| Renter Occupied HU | 2,355 (38.2%) |
| Vacant Housing Units | 290 ( 4.7%) |
| Median Home Value | $203,816 |
| Average Home Value | $235,733 |
Housing Distribution
Address Breakdown
Residential
5,707
Single Family
4,805
Multi-Family
902
Businesses
336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Rossman • ALL PRO, REALTORS LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054393