614 E Broadway PlIndianapolisIN46202
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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
Investment property for sale in Indianapolis at 614 E Broadway Pl, Indianapolis, IN, 46202 at $342,500 posts ROI 30.38% with $991/mo cash flow from $3,325/mo rent. Total monthly income equals $3,325/mo, and annual cash flow records $11,894/yr on $113,539 to close. Return on cash invested measures 30.38% and rental yield reads 11.65% at the current $342,500. Equity gained on principal adds $2,210/yr, and 5% annual appreciation supports $94,626 by year five. Five-year ROI prints 159.87% and total cumulative return in cash totals $181,511.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,325/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
1,367 sqft lot
$N/A/sqft
$212 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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