673 E 16th StIndianapolisIN46202
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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 673 E 16th St, Indianapolis, IN, 46202 listed at $178,100 pairs $3,634/mo rent with a $872/mo payment to leave $2,565/mo cash flow. Total monthly income runs $3,634/mo, and annual cash flow reaches $30,775/yr on $59,040 cash to close. Return on cash invested measures 72.03% in year one, and rental yield registers 24.49% at a $178,100 basis. Equity gained on principal adds $1,149/yr, and annual property appreciation at 5% supports $49,206 by year five. Five-year ROI tracks 382.15% and total cumulative return in cash totals $225,620. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,634/mo property income relative to a $872/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
1,105 sqft lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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