6431 Evanston AveIndianapolisIN46220
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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 6431 Evanston Ave, Indianapolis, IN, 46220 uses $104,389 cash to close to unlock $2,796/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $2,123/mo, and a $1,541/mo payment keeps the spread at $233/mo. Purchase price stands at $314,900, and rental yield measures 8.09% with $2,123/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 116.94% and total cumulative return in cash records $122,074. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,123/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1935
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,578 (100%) |
| Owner Occupied HU | 10,835 (58.3%) |
| Renter Occupied HU | 6,609 (35.6%) |
| Vacant Housing Units | 1,134 ( 6.1%) |
| Median Home Value | $353,955 |
| Average Home Value | $402,384 |
Housing Distribution
Address Breakdown
Residential
17,664
Single Family
14,977
Multi-Family
2,687
Businesses
1,730
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Listed by: Rachael Carmichael • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22049249