701 Terrace AveIndianapolisIN46203
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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
Rental property for sale in Indianapolis at 701 Terrace Ave, Indianapolis, IN, 46203 priced at $325,000 converts $2,927/mo rent into $976/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,927/mo, and annual cash flow totals $11,709/yr on $107,738 invested. Return on cash invested prints 30.78% in year one, and rental yield reads 10.81% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 160.87% and total cumulative return in cash sums $173,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,927/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1905
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46203, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 8,432 (46.4%) |
| Renter Occupied HU | 7,696 (42.3%) |
| Vacant Housing Units | 2,055 (11.3%) |
| Median Home Value | $189,972 |
| Average Home Value | $247,147 |
Housing Distribution
Address Breakdown
Residential
16,323
Single Family
15,372
Multi-Family
951
Businesses
1,194
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Listed by: Joshua Lawrence • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080136