730 E Gimber StIndianapolisIN46203
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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 730 E Gimber St, Indianapolis, IN, 46203 priced at $217,500 converts $1,590/mo rent into $284/mo cash flow after a $1,065/mo obligation. Total monthly income equals $1,590/mo, and annual cash flow totals $3,407/yr on $72,101 invested. Return on cash invested prints 24.63% in year one, and rental yield reads 8.77% against a $217,500 entry. Equity gained on principal adds $1,403/yr, while 5% annual appreciation compiles into $60,091 by year five. Five-year ROI reaches 127.95% and total cumulative return in cash sums $92,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,590/mo property income covering a $1,065/mo payment, not borrower’s personal income.
Single Family
Built in 1946
7,840 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: Tiare Smith • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062762