606/608 N Emerson AveIndianapolisIN46219
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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 606/608 N Emerson Ave, Indianapolis, IN, 46219 generates $2,334/mo in rent, after a $2,658/mo payment. Total monthly income is $2,334/mo. Return on cash invested sits at 13.84% in year one, and rental yield is 5.16% on a $543,000 entry. Equity gained on principal adds $3,504/yr, while 5% annual appreciation builds toward $150,021 over five years. Five-year ROI reaches 70.04% and total cumulative return in cash sums $125,132. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,334/mo property income rather than buyer’s personal income.
Multi Family
Built in 1925
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
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Listed by: Joshua Vida • Paradigm Realty Solutions
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052514