6230 E 56th StIndianapolisIN46226
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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 6230 E 56th St, Indianapolis, IN, 46226 generates $3,798/mo in rent, after a $4,405/mo payment. Total monthly income is $3,798/mo. Return on cash invested sits at 13.56% in year one, and rental yield is 5.06% on a $899,999 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 68.51% and total cumulative return in cash sums $202,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,798/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46226, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,362 (100%) |
| Owner Occupied HU | 8,396 (43.4%) |
| Renter Occupied HU | 8,850 (45.7%) |
| Vacant Housing Units | 2,116 (10.9%) |
| Median Home Value | $173,352 |
| Average Home Value | $236,703 |
Housing Distribution
Address Breakdown
Residential
18,209
Single Family
15,840
Multi-Family
2,369
Businesses
1,060
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Listed by: Justus Hodges • Just Homes Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072195