619 Memorial DrBeech GroveIN46107
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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 Beech Grove at 619 Memorial Dr, Beech Grove, IN, 46107 uses $66,267 cash to close to unlock $5,969/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $1,697/mo, and a $978/mo payment keeps the spread at $497/mo. Purchase price stands at $199,900, and rental yield measures 10.19% with $1,697/mo rent. Return on cash invested shows 28.92% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 150.92% and total cumulative return in cash records $100,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,697/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,514 (57.1%) |
| Renter Occupied HU | 2,355 (38.2%) |
| Vacant Housing Units | 290 ( 4.7%) |
| Median Home Value | $203,816 |
| Average Home Value | $235,733 |
Housing Distribution
Address Breakdown
Residential
5,707
Single Family
4,805
Multi-Family
902
Businesses
336
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Listed by: Kurt Clements • Diverse Property Solutions Ind
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073572