6332 Mills AveIndianapolisIN46241
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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 6332 Mills Ave, Indianapolis, IN, 46241 uses $39,115 cash to close to unlock $2,187/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $891/mo, and a $578/mo payment keeps the spread at $182/mo. Purchase price stands at $117,995, and rental yield measures 9.06% with $891/mo rent. Return on cash invested shows 25.5% in year one, and 5% annual appreciation builds toward $32,600 over five years. Five-year ROI reaches 132.66% and total cumulative return in cash records $51,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $891/mo property income covering a $578/mo payment rather than investor’s personal income.
Manufactured
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46241, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 6,513 (50.2%) |
| Renter Occupied HU | 5,618 (43.3%) |
| Vacant Housing Units | 853 ( 6.6%) |
| Median Home Value | $120,161 |
| Average Home Value | $159,094 |
Housing Distribution
Address Breakdown
Residential
12,330
Single Family
12,112
Multi-Family
218
Businesses
1,348
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Listed by: N/A • YES!Communities
Mls Name: Yes! Communities
Mls ID: #N/A