6239 Amber Creek Ln APT 101IndianapolisIN46237
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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 6239 Amber Creek Ln APT 101, Indianapolis, IN, 46237 uses $60,002 cash to close to unlock $7,865/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $1,742/mo, and a $886/mo payment keeps the spread at $655/mo. Purchase price stands at $181,000, and rental yield measures 11.55% with $1,742/mo rent. Return on cash invested shows 33.02% in year one, and 5% annual appreciation builds toward $50,007 over five years. Five-year ROI reaches 172.93% and total cumulative return in cash records $103,759. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,742/mo property income covering a $886/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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
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Listed by: Vantha Lian • Mang Tha Real Estate, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052916