6032 Grandview DrIndianapolisIN46228
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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 6032 Grandview Dr, Indianapolis, IN, 46228 uses $66,300 cash to close to unlock $2,188/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $1,383/mo, and a $979/mo payment keeps the spread at $182/mo. Purchase price stands at $200,000, and rental yield measures 8.3% with $1,383/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 120.34% and total cumulative return in cash records $79,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,383/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1967
1.45 Acres 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: Antwon Culbreath • Redfin Corporation
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076867