631 Cottage AveIndianapolisIN46203
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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 631 Cottage Ave, Indianapolis, IN, 46203 uses $116,025 cash to close to unlock $9,373/yr annual cash flow and $781/mo monthly cash flow. Total monthly income runs $2,882/mo, and a $1,713/mo payment keeps the spread at $781/mo. Purchase price stands at $350,000, and rental yield measures 9.88% with $2,882/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 145.95% and total cumulative return in cash records $169,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,882/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1905
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 8,432 (46.4%) |
| Renter Occupied HU | 7,696 (42.3%) |
| Vacant Housing Units | 2,055 (11.3%) |
| Median Home Value | $189,972 |
| Average Home Value | $247,147 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
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Listed by: Christopher Jenkins • La Terre Boutique
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066531