6516 Emerald Hill Ct APT 310, Indianapolis, IN, 46237 | $258/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6516 Emerald Hill Ct APT 310, Indianapolis, IN, 46237 | $258/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

Rental property for sale in Indianapolis at 6516 Emerald Hill Ct APT 310, Indianapolis, IN, 46237 generates $1,248/mo in rent and, after a $807/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,248/mo, and annual cash flow is $3,099/yr on $54,664 invested. Return on cash invested sits at 25.58% in year one, and rental yield is 9.08% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 133.08% and total cumulative return in cash sums $72,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,248/mo property income rather than buyer’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to easy living at Windslow Crossing! This beautifully maintained 2-bedroom, 2-bathroom third-floor condo offers a bright and open layout with a desirable split floorplan-perfect for privacy and functionality. Enjoy everyday living with the open-concept between the kitchen, dining, and living rooms featuring cathedral ceilings and durable solid surface flooring throughout. Natural light pours in, and you'll love stepping out onto the covered patio that backs up to a peaceful wooded area-your own private retreat. The primary suite includes ample closet space and a full bath, while the second bedroom and bathroom are perfect for guests or a home office. Enjoy maintenance-free living with access to a clubhouse and refreshing pool-ideal for relaxing or socializing on sunny days. Conveniently located near shopping, dining, and quick interstate access, this condo checks all the boxes for comfort, convenience, and style.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46237, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,819 (100%)
Owner Occupied HU	11,929 (66.9%)
Renter Occupied HU	5,146 (28.9%)
Vacant Housing Units	744 ( 4.2%)
Median Home Value	$265,823
Average Home Value	$289,079