611 N Park Ave APT 311IndianapolisIN46204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 611 N Park Ave APT 311, Indianapolis, IN, 46204 generates $2,303/mo in rent and, after a $1,865/mo payment, leaves $16/mo in cash flow. Total monthly income is $2,303/mo, and annual cash flow is $189/yr on $126,302 invested. Return on cash invested sits at 20.06% in year one, and rental yield is 7.25% on a $381,000 entry. Equity gained on principal adds $2,459/yr, while 5% annual appreciation builds toward $105,263 over five years. Five-year ROI reaches 103.4% and total cumulative return in cash sums $130,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,303/mo property income rather than buyer’s personal income.
Condo
Built in 1926
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46204, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,493 (100%) |
| Owner Occupied HU | 856 (11.4%) |
| Renter Occupied HU | 5,147 (68.7%) |
| Vacant Housing Units | 1,490 (19.9%) |
| Median Home Value | $396,246 |
| Average Home Value | $473,876 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
1,022
Multi-Family
5,474
Businesses
1,767
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Stemlar • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22070838