7163 Long Boat DrIndianapolisIN46250
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 7163 Long Boat Dr, Indianapolis, IN, 46250 in Indianapolis earns a 9.96% gross yield at $224,000. Rent of $1,859/mo nets $514/mo after the $1,007/mo mortgage. The 1.85 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $61,887 and $2,063/yr in equity accumulation project a total cumulative return of $117,872.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.8% |
| Monthly Cash Flow | $514 | $450 |
City averages based on Indianapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,859 |
| Total Monthly Debt Service | $1,256 |
| DSCR Ratio | 1.48x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1992
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46250, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,669 (100%) |
| Owner Occupied HU | 4,223 (39.6%) |
| Renter Occupied HU | 5,500 (51.6%) |
| Vacant Housing Units | 946 ( 8.9%) |
| Median Home Value | $314,172 |
| Average Home Value | $358,341 |
Housing Distribution
Address Breakdown
Residential
9,925
Single Family
5,554
Multi-Family
4,371
Businesses
1,755
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
Condo
Built in 1992
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46250, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,669 (100%) |
| Owner Occupied HU | 4,223 (39.6%) |
| Renter Occupied HU | 5,500 (51.6%) |
| Vacant Housing Units | 946 ( 8.9%) |
| Median Home Value | $314,172 |
| Average Home Value | $358,341 |
Housing Distribution
Address Breakdown
Residential
9,925
Single Family
5,554
Multi-Family
4,371
Businesses
1,755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robbin Edwards • Encore Sotheby's International
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058915