6707 Sparrowood DrIndianapolisIN46236
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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 6707 Sparrowood Dr, Indianapolis, IN, 46236 earns $545/mo cash flow from $2,117/mo rent with a $1,282/mo payment. Total monthly income totals $2,117/mo, and annual cash flow totals $6,535/yr on $86,853 capital. ROI tracks 27.43% on current figures, and rental yield reads 9.7% at a $262,000 purchase. Equity gained on principal adds $1,691/yr, and 5% annual appreciation supports $72,386 over five years. Five-year ROI reaches 142.96% and total cumulative return in cash sums $124,161. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,117/mo property income instead of your personal income.
Single Family
Built in 1996
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46236, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,680 (100%) |
| Owner Occupied HU | 9,177 (85.9%) |
| Renter Occupied HU | 1,122 (10.5%) |
| Vacant Housing Units | 381 ( 3.6%) |
| Median Home Value | $302,184 |
| Average Home Value | $341,808 |
Housing Distribution
Address Breakdown
Residential
10,445
Single Family
10,299
Multi-Family
146
Businesses
596
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Listed by: Randy Casey • Fathom Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060076