618 Reda 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 618 Reda Rd, Indianapolis, IN, 46227 priced at $315,000 converts $2,014/mo rent into $123/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,014/mo, and annual cash flow totals $1,474/yr on $104,423 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 7.67% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 110.15% and total cumulative return in cash sums $115,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,014/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.34 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: Natalie Latkowski • Mark Dietel Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069000