6124 Timber Lake BlvdIndianapolisIN46237
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Indianapolis rental at 6124 Timber Lake Blvd, Indianapolis, IN, 46237 sits in the solid-income band: 10.9% gross yield, $1,861/mo rent, $331/mo net after the $921/mo debt service, DSCR 2.02. Entry price of $204,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $56,610 and $1,887/yr in principal reduction bring total cumulative return to $118,164.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.8% |
| Monthly Cash Flow | $331 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,861 |
| Total Monthly Debt Service | $1,148 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1998
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
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
Condo
Built in 1998
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,819 (100%) |
| Owner Occupied HU | 11,929 (66.9%) |
| Renter Occupied HU | 5,146 (28.9%) |
| Vacant Housing Units | 744 ( 4.2%) |
| Median Home Value | $265,823 |
| Average Home Value | $289,079 |
Housing Distribution
Address Breakdown
Residential
18,118
Single Family
15,933
Multi-Family
2,185
Businesses
626
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: J. Victor Perr • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080683