629 N Grant AveIndianapolisIN46201
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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 629 N Grant Ave, Indianapolis, IN, 46201 priced at $198,900 converts $1,548/mo rent into $354/mo cash flow after a $974/mo obligation. Total monthly income equals $1,548/mo, and annual cash flow totals $4,243/yr on $65,935 invested. Return on cash invested prints 26.34% in year one, and rental yield reads 9.34% against a $198,900 entry. Equity gained on principal adds $1,283/yr, while 5% annual appreciation compiles into $54,952 by year five. Five-year ROI reaches 137.11% and total cumulative return in cash sums $90,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,548/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46201, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,692 (100%) |
| Owner Occupied HU | 5,885 (37.5%) |
| Renter Occupied HU | 7,357 (46.9%) |
| Vacant Housing Units | 2,450 (15.6%) |
| Median Home Value | $171,197 |
| Average Home Value | $199,735 |
Housing Distribution
Address Breakdown
Residential
14,022
Single Family
13,239
Multi-Family
783
Businesses
626
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Listed by: Angela Richardson • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061075