606 E County Line RdIndianapolisIN46227
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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 E County Line Rd, Indianapolis, IN, 46227 offers $1,554/mo rent that, after a $1,043/mo payment, leaves $275/mo cash flow. Total monthly income is $1,554/mo, and annual cash flow is $3,299/yr on $70,610 cash. Return on cash invested measures 24.58% in year one, and rental yield stands at 8.75% at a $213,000 entry. Equity gained on principal adds $1,374/yr while 5% annual appreciation compounds into $58,848 by year five. Five-year ROI records 127.64% and total cumulative return in cash reaches $90,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,554/mo property income versus a $1,043/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46227, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,281 (100%) |
| Owner Occupied HU | 11,170 (42.5%) |
| Renter Occupied HU | 13,020 (49.5%) |
| Vacant Housing Units | 2,091 ( 8.0%) |
| Median Home Value | $234,494 |
| Average Home Value | $260,259 |
Housing Distribution
Address Breakdown
Residential
25,018
Single Family
19,504
Multi-Family
5,514
Businesses
1,399
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Listed by: Sarah Hubley • Mike Thomas Associates
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22038825