6058 Southbay DrIndianapolisIN46250
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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 6058 Southbay Dr, Indianapolis, IN, 46250 listed at $200,000 pairs $2,309/mo rent with a $979/mo payment to leave $1,108/mo cash flow. Total monthly income runs $2,309/mo, and annual cash flow reaches $13,300/yr on $66,300 cash to close. Return on cash invested measures 39.97% in year one, and rental yield registers 13.85% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 210.22% and total cumulative return in cash totals $139,376. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,309/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46250, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,669 (100%) |
| Owner Occupied HU | 4,223 (39.6%) |
| Renter Occupied HU | 5,500 (51.6%) |
| Vacant Housing Units | 946 ( 8.9%) |
| Median Home Value | $314,172 |
| Average Home Value | $358,341 |
Housing Distribution
Address Breakdown
Residential
9,925
Single Family
5,554
Multi-Family
4,371
Businesses
1,755
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Listed by: Crystal White • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22057989