6422 W Morris StIndianapolisIN46241
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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 6422 W Morris St, Indianapolis, IN, 46241 generates $1,837/mo in rent and, after a $831/mo payment, leaves $758/mo in cash flow. Total monthly income is $1,837/mo, and annual cash flow is $9,090/yr on $56,289 invested. Return on cash invested sits at 36.06% in year one, and rental yield is 12.98% on a $169,800 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,913 over five years. Five-year ROI reaches 189.7% and total cumulative return in cash sums $106,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,837/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
0.53 Acres 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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