608 Jack Pine CtIndianapolisIN46224
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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 608 Jack Pine Ct, Indianapolis, IN, 46224 priced at $309,000 converts $1,830/mo rent into after a $1,512/mo obligation. Total monthly income equals $1,830/mo. Return on cash invested prints 19.62% in year one, and rental yield reads 7.11% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 101.07% and total cumulative return in cash sums $103,529. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,830/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in 1999
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46224, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,718 (100%) |
| Owner Occupied HU | 5,314 (31.8%) |
| Renter Occupied HU | 10,069 (60.2%) |
| Vacant Housing Units | 1,335 ( 8.0%) |
| Median Home Value | $219,316 |
| Average Home Value | $244,925 |
Housing Distribution
Address Breakdown
Residential
15,453
Single Family
12,751
Multi-Family
2,702
Businesses
670
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Listed by: Jake Klemann • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080895