638 Byland Dr, Beech Grove, IN, 46107 | $330/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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638 Byland Dr, Beech Grove, IN, 46107 | $330/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Beech Grove at 638 Byland Dr, Beech Grove, IN, 46107 with 5% annual appreciation on a $194,900 basis while $1,500/mo rent supports operations. Total monthly income totals $1,500/mo and a $954/mo payment preserves $330/mo for cash returns. Annual cash flow comes to $3,960/yr on $64,609 deployed, and return on cash invested reaches 26.04% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,847 alongside rental yield of 9.24%. Five-year ROI measures 135.44% and total cumulative return in cash totals $87,507.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,500/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1951

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Classic Beech Grove Charmer in Quaint South Grove Location! This Bungalow packs a punch & loaded for living. Modern updates & a full basement adds room for your living needs. Main level has New Carpet, Thermal Windows throughout, 2 Bedrooms, Kitchen & Nice Living Room. Kitchen & Laundry Appliances (Frig, Stove, Dishwasher, Microwave, Washer Dryer) Included. Room to expand in Full Basement with Large Finished Family Room, Open Laundry, Utility & Storage areas. Massive heated Garage (approx 950 sqft) is a delight for car buffs, crafters, woodworkers or someone needing lots of storage, a workshop & other. Garage has lots of electric outlets & workshop area plus added storage shed on back (220 sqft) of garage for mowers, garden tools & more. One of the largest yards in neighborhood with plenty of space for recreation, cookouts (on massive paved patio area) & room to grow enough food to feed yourself & your neighbors. Updates to Electric Panel, Bathroom fixtures, toilet, kitchen fixtures, carpet and other. Whole house fan to bring in evening or morning air. Close to lovely Beech Grove Park & its yearly fireworks (one of nicest parks in Marion County). Neighborhood looks like something out of a Historic America calendar with rows of well kept bungalows built in post WWII expansion. Possession at closing. Quick hop to shops, restaurants, interstate and other personal service providers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,159 (100%)
Owner Occupied HU	3,514 (57.1%)
Renter Occupied HU	2,355 (38.2%)
Vacant Housing Units	290 ( 4.7%)
Median Home Value	$203,816
Average Home Value	$235,733