6832 Raritan DrIndianapolisIN46221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6832 Raritan Dr, Indianapolis, IN, 46221 offers a 10.26% rental yield on a $225,900 purchase with $1,932/mo rent. Total monthly income registers $1,932/mo, and a $1,106/mo payment leaves $576/mo available for distribution. Annual cash flow reaches $6,907/yr on $74,886 to close, and return on cash invested stands at 29.13% in year one. Equity gained on principal adds $1,458/yr while 5% annual appreciation supports $62,412 over five years. Portfolio math shows five-year ROI at 152.09% and total cumulative return in cash at $113,895. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,932/mo property income against a $1,106/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46221, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,205 (100%) |
| Owner Occupied HU | 6,485 (57.9%) |
| Renter Occupied HU | 3,906 (34.9%) |
| Vacant Housing Units | 814 ( 7.3%) |
| Median Home Value | $209,976 |
| Average Home Value | $214,246 |
Housing Distribution
Address Breakdown
Residential
10,643
Single Family
10,523
Multi-Family
120
Businesses
359
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan Steinbach • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22056688