6424 Shamel DrIndianapolisIN46278
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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 6424 Shamel Dr, Indianapolis, IN, 46278 generates $4,933/mo in rent and, after a $3,304/mo payment, leaves $881/mo in cash flow. Total monthly income is $4,933/mo, and annual cash flow is $10,570/yr on $222,075 invested. Return on cash invested sits at 24.82% in year one, and rental yield is 8.77% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 128.89% and total cumulative return in cash sums $286,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,933/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46278, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,422 (100%) |
| Owner Occupied HU | 3,111 (90.9%) |
| Renter Occupied HU | 218 ( 6.4%) |
| Vacant Housing Units | 93 ( 2.7%) |
| Median Home Value | $425,349 |
| Average Home Value | $455,718 |
Housing Distribution
Address Breakdown
Residential
3,383
Single Family
3,208
Multi-Family
175
Businesses
590
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Listed by: Kristie Smith • Indy Homes
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22049803