654 N Senate AveIndianapolisIN46202
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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 654 N Senate Ave, Indianapolis, IN, 46202 priced at $633,200 converts $4,843/mo rent into after a $3,099/mo obligation. Total monthly income equals $4,843/mo. Return on cash invested prints 18.69% in year one, and rental yield reads 9.18% against a $633,200 entry. Equity gained on principal adds $4,086/yr, while 5% annual appreciation compiles into $174,941 by year five. Five-year ROI reaches 98.69% and total cumulative return in cash sums $205,591. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,843/mo property income covering a $3,099/mo payment, not borrower’s personal income.
Single Family
Built in 2005
4,356 sqft lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46202, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,972 (100%) |
| Owner Occupied HU | 3,194 (22.9%) |
| Renter Occupied HU | 8,977 (64.2%) |
| Vacant Housing Units | 1,801 (12.9%) |
| Median Home Value | $408,240 |
| Average Home Value | $460,200 |
Housing Distribution
Address Breakdown
Residential
12,576
Single Family
6,063
Multi-Family
6,513
Businesses
1,266
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Listed by: N/A • N/A
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