6020 Birchwood AveIndianapolisIN46220
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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 6020 Birchwood Ave, Indianapolis, IN, 46220 offers $4,249/mo rent that, after a $3,891/mo payment. Total monthly income is $4,249/mo. Return on cash invested measures 17.66% in year one, and rental yield stands at 6.41% at a $795,000 entry. Equity gained on principal adds $5,130/yr while 5% annual appreciation compounds into $219,644 by year five. Five-year ROI records 90.5% and total cumulative return in cash reaches $236,710. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,249/mo property income versus a $3,891/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,578 (100%) |
| Owner Occupied HU | 10,835 (58.3%) |
| Renter Occupied HU | 6,609 (35.6%) |
| Vacant Housing Units | 1,134 ( 6.1%) |
| Median Home Value | $353,955 |
| Average Home Value | $402,384 |
Housing Distribution
Address Breakdown
Residential
17,664
Single Family
14,977
Multi-Family
2,687
Businesses
1,730
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Listed by: Glenn Bill • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22018868