7242 Estes DrIndianapolisIN46239
Nearby investment properties with comparable rents
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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 7242 Estes Dr, Indianapolis, IN, 46239 generates $2,578/mo in rent, after a $2,284/mo payment. Total monthly income is $2,578/mo. Return on cash invested sits at 17.64% in year one, and rental yield is 6.63% on a $466,680 entry. Equity gained on principal adds $3,011/yr, while 5% annual appreciation builds toward $128,935 over five years. Five-year ROI reaches 90.63% and total cumulative return in cash sums $140,207. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,578/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
8,712 sqft lot
$N/A/sqft
$835 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46239, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,280 (100%) |
| Owner Occupied HU | 10,598 (79.8%) |
| Renter Occupied HU | 2,211 (16.6%) |
| Vacant Housing Units | 471 ( 3.5%) |
| Median Home Value | $295,205 |
| Average Home Value | $317,631 |
Housing Distribution
Address Breakdown
Residential
13,049
Single Family
12,683
Multi-Family
366
Businesses
556
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Listed by: Erin Hundley • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22031908
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-11 07:57:52 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)