625 S Spencer AveIndianapolisIN46219
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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 625 S Spencer Ave, Indianapolis, IN, 46219 at $142,500 posts ROI 29.44% with $375/mo cash flow from $1,230/mo rent. Total monthly income equals $1,230/mo, and annual cash flow records $4,501/yr on $47,239 to close. Return on cash invested measures 29.44% and rental yield reads 10.36% at the current $142,500. Equity gained on principal adds $920/yr, and 5% annual appreciation supports $39,370 by year five. Five-year ROI prints 153.8% and total cumulative return in cash totals $72,651.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,230/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46219, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,635 (100%) |
| Owner Occupied HU | 8,859 (53.3%) |
| Renter Occupied HU | 6,462 (38.8%) |
| Vacant Housing Units | 1,314 ( 7.9%) |
| Median Home Value | $207,615 |
| Average Home Value | $227,043 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
14,379
Multi-Family
1,680
Businesses
1,295
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Listed by: rolonda lolla • Austyn Avenue Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056918