6041 Wexford RdIndianapolisIN46220
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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 6041 Wexford Rd, Indianapolis, IN, 46220 generates $2,520/mo in rent and, after a $1,676/mo payment, leaves $464/mo in cash flow. Total monthly income is $2,520/mo, and annual cash flow is $5,573/yr on $113,539 invested. Return on cash invested sits at 24.82% in year one, and rental yield is 8.83% on a $342,500 entry. Equity gained on principal adds $2,210/yr, while 5% annual appreciation builds toward $94,626 over five years. Five-year ROI reaches 128.93% and total cumulative return in cash sums $146,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.47 Acres 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: Julie Steele • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22018156