6923 Elise CtIndianapolisIN46220
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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 6923 Elise Ct, Indianapolis, IN, 46220 generates $1,873/mo in rent and, after a $1,370/mo payment, leaves $193/mo in cash flow. Total monthly income is $1,873/mo, and annual cash flow is $2,313/yr on $92,787 invested. Return on cash invested sits at 22.4% in year one, and rental yield is 8.03% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 115.97% and total cumulative return in cash sums $107,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,873/mo property income rather than buyer’s personal income.
Condo
Built in 1995
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46220, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,578 (100%) |
| Owner Occupied HU | 10,835 (58.3%) |
| Renter Occupied HU | 6,609 (35.6%) |
| Vacant Housing Units | 1,134 ( 6.1%) |
| Median Home Value | $353,955 |
| Average Home Value | $402,384 |
Housing Distribution
Address Breakdown
Residential
17,664
Single Family
14,977
Multi-Family
2,687
Businesses
1,730
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Listed by: Terry Johnston • eXp Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059270