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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Indianapolis at 6967 Bluffridge Way, Indianapolis, IN, 46278 priced at $362,000 pairs $2,240/mo rent with $21/mo cash flow after a $1,772/mo payment. Total monthly income equals $2,240/mo, and annual cash flow comes to $252/yr on $120,003 invested. Return on cash invested is 20.12% in year one, and rental yield stands at 7.43% on a $362,000 basis. Equity gained on principal adds $2,336/yr, and 5% annual appreciation accumulates to $100,014 by year five. Five-year ROI measures 103.88% and total cumulative return in cash reaches $124,657. For financing, Ziffy Mortgage’s DSCR program evaluates $2,240/mo property income against a $1,772/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.29 Acres lot
$N/A/sqft
$275 semi-annually HOA
Neighborhood data shown for ZIP Code: 46278, Indianapolis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,422 (100%) |
| Owner Occupied HU | 3,111 (90.9%) |
| Renter Occupied HU | 218 ( 6.4%) |
| Vacant Housing Units | 93 ( 2.7%) |
| Median Home Value | $425,349 |
| Average Home Value | $455,718 |
Residential
3,383
Single Family
3,208
Multi-Family
175
Businesses
590
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $362,000 |
| 2015-10-16 | Sold | $190,000 |
| 2015-09-05 | Pending sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-12 | $2760.00 | 15.67% | $281,300 | 1.92% |
| 2022-04-12 | $2386.00 | 5.76% | $276,000 | 15.67% |
| 2021-04-12 | $2255.98 | -2.42% | $238,600 | 5.76% |
What's Special
Access Only
Listed by: Kelly Schuler • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22031831
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-12 08:22:47 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
